Jacobs Solutions Inc. (NYSE:J) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 5.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,403 shares of the company’s stock after selling 5,168 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Jacobs Solutions worth $11,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. National Bank of Canada FI increased its holdings in Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company’s stock worth $35,386,000 after purchasing an additional 239,764 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Jacobs Solutions by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company’s stock worth $15,379,000 after acquiring an additional 3,451 shares during the period. Evergreen Capital Management LLC raised its holdings in shares of Jacobs Solutions by 5.5% during the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company’s stock valued at $9,236,000 after buying an additional 3,609 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Jacobs Solutions by 156.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company’s stock worth $5,362,000 after acquiring an additional 27,055 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Jacobs Solutions by 44.5% in the fourth quarter. Two Sigma Investments LP now owns 458,562 shares of the company’s stock worth $61,273,000 after purchasing an additional 141,162 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

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

Jacobs Solutions Stock Up 0.5%

Shares of Jacobs Solutions stock opened at $132.61 on Friday. The stock’s fifty day moving average is $126.82 and its 200-day moving average is $127.58. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $15.93 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 1.86 and a beta of 0.77. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the company earned $1.91 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 0.97%. Jacobs Solutions’s dividend 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.