Public Employees Retirement System of Ohio Lowers Stock Holdings in Jacobs Solutions Inc. $J

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Jacobs Solutions Inc. by 45% in the second quarter, leaving it with 45,208 shares valued at nearly $5.94 million.
• Several large investors, including Ninety One UK Ltd and Invesco Ltd, have increased their positions in Jacobs Solutions, indicating a mixed sentiment among institutional investors.
• Jacobs Solutions reported a year-over-year revenue decline of 28.4% in its last quarterly earnings, while exceeding earnings per share estimates with an EPS of $1.62 compared to the consensus of $1.56.

Public Employees Retirement System of Ohio cut its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 45.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,208 shares of the company's stock after selling 37,016 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Jacobs Solutions were worth $5,943,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Ninety One UK Ltd raised its position in Jacobs Solutions by 9.5% during the first quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock worth $263,171,000 after acquiring an additional 188,852 shares during the period. Invesco Ltd. increased its stake in shares of Jacobs Solutions by 5.3% during the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company's stock worth $259,560,000 after purchasing an additional 108,366 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Jacobs Solutions by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company's stock worth $94,635,000 after purchasing an additional 4,931 shares during the last quarter. AQR Capital Management LLC lifted its stake in Jacobs Solutions by 0.4% in the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company's stock valued at $91,687,000 after buying an additional 3,250 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Jacobs Solutions by 0.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 675,604 shares of the company's stock valued at $81,674,000 after buying an additional 1,772 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

J has been the subject of a number of research analyst reports. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup raised their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Jacobs Solutions has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

NYSE J opened at $148.04 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock's fifty day moving average is $145.86 and its two-hundred day moving average is $132.40. The firm has a market capitalization of $17.70 billion, a P/E ratio of 36.92, a price-to-earnings-growth ratio of 2.01 and a beta of 0.79. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $152.40.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company's revenue for the quarter was down 28.4% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's payout ratio is presently 31.92%.

About Jacobs Solutions

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.

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