New York State Teachers Retirement System trimmed its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 9.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,135 shares of the company's stock after selling 12,627 shares during the period. New York State Teachers Retirement System owned 0.09% of Jacobs Solutions worth $15,202,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System grew its stake in Jacobs Solutions by 8.2% in 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 period. Russell Investments Group Ltd. grew its stake in shares of Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company's stock worth $27,910,000 after acquiring an additional 137,213 shares during the last quarter. Sei Investments Co. grew its stake in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock worth $37,968,000 after acquiring an additional 66,002 shares during the last quarter. Duality Advisers LP grew its stake in shares of Jacobs Solutions by 1,241.6% in the first quarter. Duality Advisers LP now owns 25,289 shares of the company's stock worth $3,888,000 after acquiring an additional 23,404 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in shares of Jacobs Solutions by 448.6% in the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company's stock worth $1,199,000 after acquiring an additional 6,379 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Royal Bank of Canada increased their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research report on Thursday. Citigroup increased their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Finally, Raymond James raised 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 investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.30.
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Jacobs Solutions Stock Performance
Shares of NYSE J traded down $0.96 during trading on Friday, hitting $139.62. The company had a trading volume of 657,398 shares, compared to its average volume of 684,821. The stock has a 50 day simple moving average of $143.58 and a 200 day simple moving average of $142.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions Inc. has a 12 month low of $100.59 and a 12 month high of $144.56. The firm has a market capitalization of $17.35 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71.
Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.82 EPS. As a group, analysts anticipate that Jacobs Solutions Inc. will post 7.95 earnings per share for the current year.
Jacobs Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Friday, October 25th. Jacobs Solutions's payout ratio is 22.92%.
Insiders Place Their Bets
In other Jacobs Solutions 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 value of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company's stock, valued at $3,688,038.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business's 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 transaction, the executive vice president now owns 24,564 shares of the company's stock, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,516 shares of company stock valued at $1,124,533 in the last quarter. 1.00% of the stock is currently owned by insiders.
About Jacobs Solutions
(
Free Report)
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.
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