Public Employees Retirement System of Ohio Acquires 2,794 Shares of Jacobs Solutions Inc. (NYSE:J)

Public Employees Retirement System of Ohio grew its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,383 shares of the company's stock after acquiring an additional 2,794 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Jacobs Solutions worth $8,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kovitz Investment Group Partners LLC raised its stake in shares of Jacobs Solutions by 345.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after buying an additional 3,597,564 shares in the last quarter. Geode Capital Management LLC lifted its stake in Jacobs Solutions by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock worth $420,626,000 after purchasing an additional 10,174 shares during the period. Lazard Asset Management LLC boosted its holdings in Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Ninety One UK Ltd boosted its holdings in Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after purchasing an additional 157,086 shares during the period. Institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on J. Citigroup lowered 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. UBS Group dropped their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Truist Financial lifted their price target on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a report on Monday, May 12th. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Royal Bank of Canada boosted 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. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.86.

Jacobs Solutions Trading Up 0.3%

J stock traded up $0.38 during midday trading on Friday, reaching $126.40. The stock had a trading volume of 2,147,439 shares, compared to its average volume of 807,862. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $121.76 and a two-hundred day simple moving average of $129.41.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. Jacobs Solutions's revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.91 EPS. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its board has initiated a share buyback program on Tuesday, February 4th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the company to reacquire up to 9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

Jacobs Solutions Dividend Announcement

The company also recently disclosed 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

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.