Montecito Bank & Trust Sells 210 Shares of Jacobs Solutions Inc. (NYSE:J)

Montecito Bank & Trust trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 10.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,716 shares of the company’s stock after selling 210 shares during the quarter. Montecito Bank & Trust’s holdings in Jacobs Solutions were worth $207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in J. Colonial Trust Co SC lifted its stake in Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock valued at $28,000 after buying an additional 205 shares during the period. Avalon Trust Co acquired a new position in shares of Jacobs Solutions during the 4th quarter valued at $33,000. Larson Financial Group LLC lifted its position in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. boosted its stake in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after acquiring an additional 100 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after purchasing an additional 354 shares during the period. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

J has been the topic of several research reports. UBS Group dropped their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Royal Bank of Canada upped their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a report on Monday, May 12th. Finally, Citigroup decreased their price objective on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a report on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Price Performance

J stock opened at $129.60 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The business has a 50-day simple moving average of $123.72 and a two-hundred day simple moving average of $128.14. The company has a market capitalization of $15.57 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm earned $1.91 earnings per share. Jacobs Solutions’s quarterly revenue was up 2.2% on a year-over-year basis. Research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, May 23rd. Jacobs Solutions’s payout ratio is 35.26%.

Jacobs Solutions Company Profile

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.