Jacobs Solutions Inc. (NYSE:J) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 5.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 95,403 shares of the company's stock after selling 5,168 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Jacobs Solutions worth $11,533,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of Jacobs Solutions by 956.8% during the 4th quarter. National Bank of Canada FI now owns 264,824 shares of the company's stock valued at $35,386,000 after acquiring an additional 239,764 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Jacobs Solutions by 2.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company's stock valued at $15,379,000 after buying an additional 3,451 shares during the last quarter. Evergreen Capital Management LLC lifted its position in Jacobs Solutions by 5.5% in the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company's stock valued at $9,236,000 after buying an additional 3,609 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Jacobs Solutions by 156.4% in the first quarter. Exchange Traded Concepts LLC now owns 44,354 shares of the company's stock valued at $5,362,000 after buying an additional 27,055 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Jacobs Solutions by 44.5% in the fourth quarter. Two Sigma Investments LP now owns 458,562 shares of the company's stock valued at $61,273,000 after buying an additional 141,162 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

Shares of J traded up $0.60 on Friday, reaching $132.61. The stock had a trading volume of 330,494 shares, compared to its average volume of 798,935. The firm has a market capitalization of $15.93 billion, a PE ratio of 36.53, a PEG ratio of 1.87 and a beta of 0.77. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average of $127.03 and a 200 day moving average of $127.56. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31.

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

Jacobs Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have commented on J. Truist Financial upped their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Citigroup cut their price target 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. Finally, UBS Group cut 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. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus price target 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.