OLD National Bancorp IN Reduces Position in Jacobs Solutions Inc. (NYSE:J)

OLD National Bancorp IN cut its position in Jacobs Solutions Inc. (NYSE:J) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,774 shares of the company’s stock after selling 1,150 shares during the period. OLD National Bancorp IN’s holdings in Jacobs Solutions were worth $620,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. IFP Advisors Inc grew its position in Jacobs Solutions by 3.7% during the 3rd quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in Jacobs Solutions by 0.9% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after purchasing an additional 86 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after acquiring an additional 87 shares during the period. Signaturefd LLC lifted its stake in shares of Jacobs Solutions by 11.4% in the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after acquiring an additional 91 shares during the period. Finally, Janney Capital Management LLC lifted its stake in shares of Jacobs Solutions by 2.8% in the third quarter. Janney Capital Management LLC now owns 3,430 shares of the company’s stock valued at $468,000 after purchasing an additional 93 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $143.98 on Thursday. The company 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. Jacobs Solutions Inc. has a 12 month low of $109.00 and a 12 month high of $154.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The company has a 50-day simple moving average of $147.61 and a 200-day simple moving average of $137.82.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 earnings per share. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 8.07 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick Hill sold 5,486 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the transaction, the executive vice president now directly owns 57,233 shares of the company’s stock, valued at approximately $8,527,717. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,838 shares of company stock valued at $2,393,710. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on J. KeyCorp began coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They issued a “sector weight” rating for the company. Argus raised their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Bank of America raised their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Finally, Citigroup raised their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $155.25.

Jacobs Solutions 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.