National Pension Service Increases Holdings in Jacobs Solutions Inc. (NYSE:J)

National Pension Service increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,447 shares of the company's stock after acquiring an additional 9,553 shares during the period. National Pension Service owned about 0.17% of Jacobs Solutions worth $27,548,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its holdings in Jacobs Solutions by 8.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company's stock worth $21,441,000 after acquiring an additional 10,542 shares during the last quarter. Russell Investments Group Ltd. raised its position in Jacobs Solutions by 305.4% during the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company's stock valued at $27,910,000 after purchasing an additional 137,213 shares during the last quarter. Sei Investments Co. boosted its holdings in Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after acquiring an additional 66,002 shares in the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Jacobs Solutions by 448.6% during the 1st quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company's stock valued at $1,199,000 after purchasing an additional 6,379 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $3,355,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $1.49 during trading hours on Friday, reaching $146.34. 333,142 shares of the stock traded hands, compared to its average volume of 795,732. The company has a 50 day moving average price of $143.17 and a 200 day moving average price of $142.59. Jacobs Solutions Inc. has a one year low of $100.59 and a one year high of $148.89. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of 28.63, a P/E/G ratio of 1.41 and a beta of 0.71.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that Jacobs Solutions Inc. will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions's dividend payout ratio is 22.92%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on J. Robert W. Baird lowered their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Citigroup boosted their target price on Jacobs Solutions from $138.60 to $166.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. StockNews.com lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $159.30.

Insiders Place Their Bets

In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company's stock, valued at $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,516 shares of company stock worth $1,124,533. Company insiders own 1.00% of the company's stock.

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.