STAR Financial Bank Sells 489 Shares of Jacobs Solutions Inc. (NYSE:J)

STAR Financial Bank decreased its position in Jacobs Solutions Inc. (NYSE:J) by 24.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,534 shares of the company’s stock after selling 489 shares during the period. STAR Financial Bank’s holdings in Jacobs Solutions were worth $201,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of J. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC increased its holdings in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. First Horizon Advisors Inc. raised its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the third quarter worth $42,000. Finally, LRI Investments LLC bought a new stake in Jacobs Solutions during the 1st quarter valued at $48,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of J opened at $132.45 on Thursday. The company’s fifty day moving average price is $142.38 and its 200-day moving average price is $142.41. Jacobs Solutions Inc. has a 1-year low of $100.59 and a 1-year high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The firm has a market capitalization of $16.46 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 2.04 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 earnings per share. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.88%. Jacobs Solutions’s payout ratio is currently 18.33%.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 14.50 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on J shares. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Citigroup lowered their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday. UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, StockNews.com began coverage on shares of Jacobs Solutions in a report on Monday. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $157.70.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.