Public Employees Retirement System of Ohio Has $8.19 Million Position in Jacobs Solutions Inc. (NYSE:J)

Public Employees Retirement System of Ohio trimmed its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,589 shares of the company's stock after selling 5,194 shares during the period. Public Employees Retirement System of Ohio owned 0.05% of Jacobs Solutions worth $8,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of J. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. grew its stake in Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company's stock worth $834,000 after acquiring an additional 82 shares during the period. Empirical Finance LLC lifted its stake in shares of Jacobs Solutions by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock worth $570,000 after purchasing an additional 82 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock worth $293,000 after purchasing an additional 86 shares during the last quarter. Finally, American National Bank grew its position in shares of Jacobs Solutions by 1.4% in the second quarter. American National Bank now owns 6,488 shares of the company's stock valued at $906,000 after purchasing an additional 88 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. The Goldman Sachs Group reiterated a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Citigroup decreased their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research note on Wednesday, November 20th. Finally, Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $155.78.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock traded up $0.96 during trading on Friday, hitting $136.98. The stock had a trading volume of 699,805 shares, compared to its average volume of 807,320. The business has a fifty day moving average of $140.22 and a two-hundred day moving average of $142.28. The firm has a market cap of $16.99 billion, a P/E ratio of 21.49, a PEG ratio of 2.04 and a beta of 0.70. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 EPS. On average, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.85%. Jacobs Solutions's payout ratio is 18.33%.

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.