Maryland State Retirement & Pension System Decreases Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Maryland State Retirement & Pension System decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 16.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,762 shares of the company’s stock after selling 1,138 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Jacobs Solutions were worth $697,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Benjamin Edwards Inc. raised its stake in shares of Jacobs Solutions by 5.3% in the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company’s stock valued at $231,000 after acquiring an additional 87 shares during the period. Avidian Wealth Enterprises LLC raised its stake in shares of Jacobs Solutions by 4.3% in the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock valued at $255,000 after acquiring an additional 87 shares during the period. Kestra Private Wealth Services LLC raised its stake in shares of Jacobs Solutions by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock valued at $510,000 after acquiring an additional 108 shares during the period. Ameritas Advisory Services LLC raised its stake in shares of Jacobs Solutions by 1.5% in the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company’s stock valued at $989,000 after acquiring an additional 117 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Jacobs Solutions by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 15,502 shares of the company’s stock valued at $2,071,000 after acquiring an additional 134 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the topic of several recent analyst reports. KeyCorp increased their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. Citigroup increased their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. UBS Group raised their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Truist Financial raised their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a research note on Monday, May 12th. Finally, Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Jacobs Solutions Stock Up 1.6%

Shares of Jacobs Solutions stock opened at $152.22 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $152.40. The firm’s 50-day moving average is $135.64 and its two-hundred day moving average is $128.58. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 2.03 and a beta of 0.79.

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 analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period last year, the business earned $1.96 EPS. The company’s revenue was down 28.4% compared to the same quarter last year. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is currently 31.92%.

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.