Jacobs Solutions Inc. $J Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in Jacobs Solutions Inc. by 7.0%, now holding 40,302 shares valued at approximately $4.87 million.
• Jacobs Solutions received multiple upgrades from brokerages, with price targets raised to between $154.00 and $166.00 and an average rating of "Moderate Buy".
• The company reported a net margin of 4.16% in its latest earnings, while expecting an annual earnings per share of 6.05 despite a 28.4% year-over-year decline in revenue.

State of New Jersey Common Pension Fund D lessened its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,302 shares of the company's stock after selling 3,034 shares during the period. State of New Jersey Common Pension Fund D's holdings in Jacobs Solutions were worth $4,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of J. Kovitz Investment Group Partners LLC boosted its stake in Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after acquiring an additional 1,904,988 shares in the last quarter. Deutsche Bank AG boosted its stake in Jacobs Solutions by 148.2% in the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after acquiring an additional 396,759 shares in the last quarter. Nuveen LLC acquired a new position in Jacobs Solutions in the first quarter valued at $43,251,000. Finally, Vontobel Holding Ltd. boosted its stake in Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after acquiring an additional 295,957 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup upped their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. KeyCorp increased their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Truist Financial increased their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Royal Bank Of Canada increased their target price 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. Finally, UBS Group increased their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Trading Up 0.7%

Shares of J traded up $1.09 during mid-day trading on Friday, reaching $148.41. The company had a trading volume of 525,224 shares, compared to its average volume of 750,014. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 37.01, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. The firm has a fifty day simple moving average of $138.55 and a 200-day simple moving average of $129.00. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $152.40. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

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

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is 31.92%.

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.