Teacher Retirement System of Texas Boosts Holdings in Jacobs Solutions Inc. (NYSE:J)

Teacher Retirement System of Texas boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 203.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 227,518 shares of the company's stock after acquiring an additional 152,494 shares during the period. Teacher Retirement System of Texas owned about 0.19% of Jacobs Solutions worth $27,505,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Jacobs Solutions by 387.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,593 shares of the company's stock worth $213,000 after acquiring an additional 1,266 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 777,888 shares of the company's stock valued at $103,941,000 after purchasing an additional 17,372 shares in the last quarter. Keybank National Association OH boosted its stake in Jacobs Solutions by 23.1% during the 4th quarter. Keybank National Association OH now owns 4,487 shares of the company's stock worth $600,000 after purchasing an additional 842 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Jacobs Solutions by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 238,675 shares of the company's stock worth $31,892,000 after purchasing an additional 26,525 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after buying an additional 100 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.5%

J traded up $0.60 during trading hours on Friday, reaching $132.61. The company's stock had a trading volume of 330,494 shares, compared to its average volume of 798,935. The stock has a market cap of $15.93 billion, a PE ratio of 36.53, a P/E/G ratio of 1.86 and a beta of 0.77. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. The business's 50-day moving average is $126.82 and its 200-day moving average is $127.58.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company's quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analysts Set New Price Targets

Several research firms have recently weighed in on J. UBS Group decreased their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial upped their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, Royal Bank Of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

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.