Public Employees Retirement System of Ohio Acquires New Position in Jacobs Solutions Inc. $J

Key Points

• Public Employees Retirement System of Ohio acquired 39,187 Jacobs Solutions shares worth approximately $4.94 million in the second quarter. Institutional investors collectively own 85.65% of the company.
• Analysts maintain a generally positive outlook, with six Buy and six Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $153.70.
• Jacobs exceeded quarterly expectations with $1.84 in EPS and $2.42 billion in revenue, while revenue increased 8.3% year over year. The company also declared a quarterly dividend of $0.36 per share, equivalent to a 1.0% annualized yield.

Public Employees Retirement System of Ohio bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,187 shares of the company's stock, valued at approximately $4,938,000.

Other large investors have also recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new position in shares of Jacobs Solutions in the 2nd quarter valued at $7,007,000. Proficio Capital Partners LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $420,000. Pure Financial Advisors LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $204,000. Corient Private Wealth LP acquired a new stake in Jacobs Solutions in the second quarter valued at about $5,225,000. Finally, Bank of America Corp DE acquired a new stake in Jacobs Solutions in the second quarter valued at about $208,318,000. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on J. Citigroup lifted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. KeyCorp reduced their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company decreased their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating on the stock in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Finally, Royal Bank Of Canada increased their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions Trading Up 0.6%

NYSE J opened at $147.17 on Thursday. The firm has a market capitalization of $17.38 billion, a PE ratio of 52.19, a price-to-earnings-growth ratio of 2.12 and a beta of 0.70. The business's 50-day moving average price is $137.65 and its two-hundred day moving average price is $130.25. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. 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 quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate 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 was up 8.3% compared to the same quarter last year. 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. On average, analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Insider Activity

In other news, President Patrick Hill sold 17,201 shares of the company's stock in a transaction 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 sale, the president directly owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.48% of the company's stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.

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