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

New York State Teachers Retirement System raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,762 shares of the company's stock after buying an additional 8,829 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Jacobs Solutions worth $17,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. raised its position in shares of Jacobs Solutions by 7.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company's stock valued at $5,456,000 after buying an additional 2,836 shares in the last quarter. AGF Management Ltd. raised its position in Jacobs Solutions by 1.5% during the fourth quarter. AGF Management Ltd. now owns 1,216,849 shares of the company's stock valued at $157,947,000 after purchasing an additional 18,484 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company's stock worth $21,441,000 after purchasing an additional 10,542 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Jacobs Solutions by 90.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company's stock worth $2,417,000 after purchasing an additional 8,848 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Jacobs Solutions by 76.0% during the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company's stock valued at $4,429,000 after purchasing an additional 14,740 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the company's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the sale, the insider now owns 534,138 shares of the company's stock, valued at $74,747,271.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Insiders sold 22,451 shares of company stock worth $3,196,336 over the last quarter. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Stock Up 0.3 %

Shares of J stock traded up $0.38 during trading hours on Friday, hitting $149.00. 508,019 shares of the company's stock traded hands, compared to its average volume of 666,553. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock's fifty day simple moving average is $143.37 and its two-hundred day simple moving average is $144.00. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $154.50. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 28.76, a PEG ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The company's revenue was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.82 earnings per share. On average, analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions's payout ratio is 22.39%.

Wall Street Analyst Weigh In

Several research firms recently commented on J. UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. StockNews.com downgraded Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 15th. William Blair cut Jacobs Solutions from an "outperform" rating to a "market perform" rating in a report on Wednesday, May 8th. Finally, Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.40.

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.