Jacobs Solutions Inc. (NYSE:J) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,419 shares of the company’s stock after selling 839 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jacobs Solutions were worth $3,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of J. First Horizon Advisors Inc. boosted its stake in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Avalon Trust Co acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $33,000. Larson Financial Group LLC lifted its stake in shares of Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after buying an additional 115 shares during the period. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after buying an additional 233 shares during the period. Finally, True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions during the third quarter worth $44,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.5 %

Shares of Jacobs Solutions stock opened at $121.23 on Monday. Jacobs Solutions Inc. has a 1 year low of $118.71 and a 1 year high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a fifty day moving average price of $130.74 and a 200 day moving average price of $136.65. The stock has a market cap of $14.86 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same quarter in the previous year, the company earned $1.45 earnings per share. The firm’s revenue for the quarter 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 year.

Jacobs Solutions declared that its board has authorized a share repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, February 21st were issued a $0.32 dividend. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.06%. Jacobs Solutions’s payout ratio is presently 26.39%.

Analyst Ratings Changes

Several equities research analysts have recently commented on J shares. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Truist Financial lifted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $153.63.

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.