Teachers Retirement System of The State of Kentucky Decreases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Teachers Retirement System of The State of Kentucky lowered its position in Jacobs Solutions Inc. (NYSE:J) by 0.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 212,085 shares of the company’s stock after selling 647 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Jacobs Solutions were worth $27,761,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. increased its stake in Jacobs Solutions by 32.1% in the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after buying an additional 66,002 shares during the period. Aigen Investment Management LP purchased a new position in Jacobs Solutions during the 3rd quarter worth $709,000. Asset Management One Co. Ltd. raised its position in Jacobs Solutions by 6.8% during the 3rd quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock valued at $9,989,000 after purchasing an additional 4,858 shares in the last quarter. MBB Public Markets I LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter worth $1,302,000. Finally, Marks Group Wealth Management Inc lifted its stake in Jacobs Solutions by 13.6% in the third quarter. Marks Group Wealth Management Inc now owns 64,074 shares of the company’s stock worth $8,387,000 after acquiring an additional 7,695 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.0 %

Shares of NYSE J opened at $136.17 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $140.19 and a 200 day moving average of $142.40. The stock has a market cap of $16.88 billion, a PE ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 0.70. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on J. Truist Financial lowered their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday. StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Robert W. Baird boosted their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $155.78.

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.