75,024 Shares in Jacobs Solutions Inc. (NYSE:J) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 75,024 shares of the company's stock, valued at approximately $10,025,000. Teacher Retirement System of Texas owned approximately 0.06% of Jacobs Solutions as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in J. Geode Capital Management LLC raised its position in shares of Jacobs Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock valued at $410,444,000 after buying an additional 73,566 shares in the last quarter. Ninety One UK Ltd raised its position in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Jacobs Solutions by 3.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock worth $143,263,000 after purchasing an additional 32,650 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Jacobs Solutions by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock worth $119,724,000 after purchasing an additional 78,284 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Jacobs Solutions by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company's stock worth $103,941,000 after purchasing an additional 17,372 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of brokerages have commented on J. StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a report on Wednesday, January 29th. Truist Financial upped their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $153.63.

Jacobs Solutions Trading Up 0.2 %

Shares of J traded up $0.26 during trading hours on Wednesday, reaching $123.88. 913,327 shares of the company traded hands, compared to its average volume of 711,443. Jacobs Solutions Inc. has a 12 month low of $118.71 and a 12 month high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company's fifty day moving average price is $130.28 and its two-hundred day moving average price is $136.37. The company has a market capitalization of $15.18 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the previous year, the firm posted $1.45 EPS. The business's revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions announced that its board has approved a share repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, February 21st. Jacobs Solutions's dividend payout ratio (DPR) is 26.39%.

Jacobs Solutions 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.