Teacher Retirement System of Texas Sells 146,691 Shares of Jacobs Solutions Inc. $J

Key Points

• Teacher Retirement System of Texas cut its stake in Jacobs Solutions by 74.7%, selling 146,691 shares during the quarter and leaving it with 49,736 shares worth $6.588 million.
• Equity analysts hold a consensus rating of "Moderate Buy" with a consensus price target of $154.60, split evenly between six Buy and six Hold ratings.
• Corporate activity includes a quarterly dividend increase to $0.36 per share (annualized $1.44, yield 1.1%), and President Shannon Miller sold 1,440 shares for about $193,147.

Teacher Retirement System of Texas reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 74.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,736 shares of the company's stock after selling 146,691 shares during the quarter. Teacher Retirement System of Texas' holdings in Jacobs Solutions were worth $6,588,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Ninety One UK Ltd lifted its holdings in Jacobs Solutions by 2.8% during the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company's stock worth $418,085,000 after acquiring an additional 86,677 shares during the period. Boston Partners lifted its holdings in Jacobs Solutions by 3.7% during the third quarter. Boston Partners now owns 3,040,383 shares of the company's stock worth $456,746,000 after acquiring an additional 108,134 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Jacobs Solutions by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company's stock worth $381,687,000 after acquiring an additional 44,070 shares during the period. Bank of America Corp DE lifted its holdings in Jacobs Solutions by 9.4% during the third quarter. Bank of America Corp DE now owns 2,070,799 shares of the company's stock worth $310,330,000 after acquiring an additional 178,753 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Jacobs Solutions by 15.9% during the third quarter. Ameriprise Financial Inc. now owns 1,537,462 shares of the company's stock worth $230,406,000 after acquiring an additional 210,474 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on J. Zacks Research upgraded Jacobs Solutions from a "strong sell" rating to a "hold" rating in a research note on Thursday, February 5th. Wall Street Zen lowered Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 18th. Wells Fargo & Company boosted their target price on Jacobs Solutions from $130.00 to $137.00 and gave the company an "equal weight" rating in a research note on Friday, January 23rd. Robert W. Baird lowered their target price on Jacobs Solutions from $130.00 to $126.00 and set a "neutral" rating on the stock in a research note on Monday, April 13th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Jacobs Solutions in a research note on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $154.60.

Insiders Place Their Bets

In related news, President Shannon Miller sold 1,440 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the sale, the president owned 25,344 shares of the company's stock, valued at approximately $3,399,390.72. This represents a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.48% of the company's stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $126.54 on Monday. The business's fifty day moving average is $130.86 and its 200 day moving average is $138.85. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 1.31 and a beta of 0.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.33 and a current ratio of 1.33. Jacobs Solutions Inc. has a 52-week low of $117.36 and a 52-week high of $168.44.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. The company's quarterly revenue was up 12.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Research analysts predict that Jacobs Solutions Inc. will post 7.13 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, February 20th were paid a dividend of $0.36 per share. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.32. This represents a $1.44 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, February 20th. Jacobs Solutions's dividend payout ratio is presently 39.45%.

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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