California State Teachers Retirement System Boosts Stock Position in Jacobs Solutions Inc. $J

California State Teachers Retirement System lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 11,242.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,679,178 shares of the company's stock after buying an additional 25,452,777 shares during the quarter. California State Teachers Retirement System owned approximately 21.75% of Jacobs Solutions worth $3,235,576,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Jacobs Solutions in the 2nd quarter worth $1,372,610,000. Primecap Management Co. CA purchased a new position in Jacobs Solutions during the second quarter valued at $575,291,000. Bank of America Corp DE purchased a new position in Jacobs Solutions during the second quarter valued at $208,318,000. Ameriprise Financial Inc. grew its position in shares of Jacobs Solutions by 828.5% in the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company's stock valued at $174,434,000 after purchasing an additional 1,184,068 shares during the period. Finally, Focus Partners Wealth grew its position in shares of Jacobs Solutions by 246.3% in the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company's stock valued at $177,324,000 after purchasing an additional 952,151 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $140.54 on Friday. The business's 50 day moving average price is $139.92 and its 200 day moving average price is $130.58. The company has a market cap of $16.60 billion, a price-to-earnings ratio of 49.84, a PEG ratio of 2.06 and a beta of 0.70. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the prior year, the business earned $1.62 EPS. The firm's quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, research analysts predict that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions's dividend payout ratio (DPR) is currently 51.06%.

Analysts Set New Price Targets

A number of research firms have recently commented on J. Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen cut Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Truist Financial cut their price objective on Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating for the company in a research note on Thursday, July 2nd. Finally, UBS Group increased their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a "buy" rating in a report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $153.70.

Insider Activity

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president owned 67,356 shares of the company's stock, valued at $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by corporate insiders.

Jacobs Solutions Profile

Jacobs Solutions Inc NYSE: J is a global professional services and technical consulting company that provides engineering, design, consulting, program and construction management, and operations services. The company works with public- and private-sector clients on complex projects involving infrastructure, transportation, water, environmental services, energy, advanced manufacturing, life sciences, and other critical facilities.

Jacobs supports the planning, design, delivery, and operation of large-scale assets and systems.

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