OLD National Bancorp IN Sells 1,150 Shares of Jacobs Solutions Inc. (NYSE:J)

OLD National Bancorp IN trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 19.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,774 shares of the company’s stock after selling 1,150 shares during the quarter. OLD National Bancorp IN’s holdings in Jacobs Solutions were worth $620,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mirabella Financial Services LLP bought a new stake in Jacobs Solutions during the 3rd quarter worth about $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in Jacobs Solutions during the 4th quarter worth about $5,192,000. Wellington Management Group LLP raised its holdings in Jacobs Solutions by 62.7% during the 3rd quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock worth $8,328,000 after purchasing an additional 23,509 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Jacobs Solutions by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock worth $94,452,000 after purchasing an additional 62,259 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Jacobs Solutions by 14.7% during the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock worth $10,988,000 after purchasing an additional 10,296 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the transaction, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock worth $2,393,710 in the last 90 days. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Down 0.4 %

J opened at $143.98 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock has a market cap of $18.09 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The stock’s fifty day simple moving average is $147.61 and its 200 day simple moving average is $137.82. Jacobs Solutions Inc. has a 1-year low of $109.00 and a 1-year high of $154.50.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.67 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on J shares. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. KeyCorp started coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating for the company. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada upped their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

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.