New York State Common Retirement Fund Increases Position in Jacobs Solutions Inc. (NYSE:J)

New York State Common Retirement Fund boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,021 shares of the company's stock after acquiring an additional 2,500 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Jacobs Solutions worth $9,311,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Colonial Trust Co SC increased its position in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC increased its holdings in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after acquiring an additional 354 shares during the last quarter. Optiver Holding B.V. increased its holdings in shares of Jacobs Solutions by 113.8% during 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 last quarter. Finally, Transce3nd LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $53,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.5%

Shares of J stock traded down $0.63 during mid-day trading on Friday, hitting $138.67. The company's stock had a trading volume of 577,800 shares, compared to its average volume of 804,574. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 1.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The business has a 50-day moving average price of $129.51 and a 200 day moving average price of $127.63.

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, topping analysts' consensus estimates of $1.41 by $0.02. The company 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 revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.91 EPS. Research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.92%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Analyst Upgrades and Downgrades

J has been the topic of a number of research reports. UBS Group decreased their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Truist Financial increased their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Citigroup reduced their price target 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. Royal Bank Of Canada increased their target price on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, KeyCorp raised Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 target price on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $151.38.

Jacobs Solutions Company 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.