Retirement Systems of Alabama Sells 720 Shares of Jacobs Solutions Inc. (NYSE:J)

Retirement Systems of Alabama lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,751 shares of the company’s stock after selling 720 shares during the period. Retirement Systems of Alabama’s holdings in Jacobs Solutions were worth $3,602,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Jacobs Solutions in the 4th quarter worth about $27,000. First Pacific Financial bought a new position in Jacobs Solutions in the 4th quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new stake in Jacobs Solutions during the 4th quarter worth approximately $59,000. Private Trust Co. NA grew its holdings in Jacobs Solutions by 17.8% during 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 last quarter. Finally, Evolution Advisers Inc. acquired a new position in Jacobs Solutions in the 4th quarter valued at approximately $77,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the topic of several analyst reports. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada raised their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Truist Financial started coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price on the stock. KeyCorp assumed coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Argus upped 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. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.25.

Insider Activity

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. Insiders sold 24,338 shares of company stock worth $3,618,695 over the last three months. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Stock Down 5.0 %

J stock opened at $141.70 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The stock’s 50 day simple moving average is $147.34 and its 200 day simple moving average is $138.31. The company has a market cap of $17.80 billion, a P/E ratio of 25.30, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74.

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

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

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.