California State Teachers Retirement System Reduces Stock Holdings in Jacobs Solutions Inc. $J

California State Teachers Retirement System lowered its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 203,803 shares of the company's stock after selling 22,598 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Jacobs Solutions worth $25,679,178 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of J. Ameritas Advisory Services LLC increased its holdings in shares of Jacobs Solutions by 79.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 9,646 shares of the company's stock valued at $1,215,000 after acquiring an additional 4,266 shares during the period. HB Wealth Management LLC lifted its holdings in shares of Jacobs Solutions by 5.7% during the second quarter. HB Wealth Management LLC now owns 5,873 shares of the company's stock worth $740,000 after purchasing an additional 319 shares during the period. Compass Financial Management LLC purchased a new stake in shares of Jacobs Solutions in the second quarter valued at about $38,000. NBH Bank purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth about $28,000. Finally, Oakmont Investment Advisors Inc. bought a new position in Jacobs Solutions during the 2nd quarter valued at $1,273,000. Institutional investors own 85.65% of the company's stock.

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $1.52 during midday trading on Tuesday, hitting $145.59. 221,027 shares of the company's stock were exchanged, compared to its average volume of 1,020,339. The firm's 50 day simple moving average is $140.50 and its 200 day simple moving average is $130.71. The stock has a market cap of $17.19 billion, a price-to-earnings ratio of 51.65, a price-to-earnings-growth 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 12-month low of $105.68 and a 12-month 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 for the quarter, topping the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Jacobs Solutions

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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