Trustco Bank Corp N Y Sells 100 Shares of Jacobs Solutions Inc. $J

Trustco Bank Corp N Y lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,745 shares of the company’s stock after selling 100 shares during the quarter. Trustco Bank Corp N Y’s holdings in Jacobs Solutions were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Benjamin Edwards Inc. grew its stake in Jacobs Solutions by 5.3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company’s stock valued at $231,000 after purchasing an additional 87 shares during the period. Avidian Wealth Enterprises LLC lifted its position in shares of Jacobs Solutions by 4.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock valued at $255,000 after buying an additional 87 shares during the last quarter. Tlwm lifted its position in shares of Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company’s stock valued at $753,000 after buying an additional 105 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Jacobs Solutions by 2.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock valued at $510,000 after buying an additional 108 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Jacobs Solutions by 1.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company’s stock valued at $989,000 after buying an additional 117 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on J shares. KeyCorp upped their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Royal Bank Of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Truist Financial increased their price objective 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 increased their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

NYSE:J opened at $148.42 on Thursday. The business’s 50-day moving average price is $139.72 and its two-hundred day moving average price is $129.36. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. The stock has a market cap of $17.74 billion, a P/E ratio of 37.01, a PEG ratio of 2.01 and a beta of 0.79. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the firm posted $1.96 EPS. The company’s revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 31.92%.

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.