California State Teachers Retirement System Has $29.40 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

California State Teachers Retirement System decreased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,054 shares of the company's stock after selling 3,015 shares during the quarter. California State Teachers Retirement System owned approximately 0.18% of Jacobs Solutions worth $29,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Colonial Trust Co SC boosted its holdings in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after acquiring an additional 205 shares during the period. Avalon Trust Co purchased a new position in Jacobs Solutions in the 4th quarter worth approximately $33,000. Larson Financial Group LLC boosted its holdings in Jacobs Solutions by 71.9% in the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after acquiring an additional 115 shares during the period. Assetmark Inc. boosted its holdings in Jacobs Solutions by 42.7% in the 4th quarter. Assetmark Inc. now owns 334 shares of the company's stock worth $45,000 after acquiring an additional 100 shares during the period. Finally, Optiver Holding B.V. boosted its holdings in Jacobs Solutions by 113.8% in the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after acquiring an additional 190 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J stock traded up $0.38 on Friday, hitting $126.40. 2,174,853 shares of the stock traded hands, compared to its average volume of 807,514. 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 company has a market capitalization of $15.19 billion, a PE ratio of 26.06, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company's fifty day moving average is $121.82 and its 200 day moving average is $129.26.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same quarter last year, the business posted $1.91 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions declared that its board has authorized a share buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on J shares. Royal Bank of Canada upped their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Citigroup cut their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Truist Financial upped their target price 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, UBS Group cut their target price on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.86.

Jacobs Solutions Profile

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.