New York State Common Retirement Fund Has $13.20 Million Position in Jacobs Solutions Inc. (NYSE:J)

New York State Common Retirement Fund lessened its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 51.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,654 shares of the company's stock after selling 108,557 shares during the quarter. New York State Common Retirement Fund owned approximately 0.08% of Jacobs Solutions worth $13,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its holdings in shares of Jacobs Solutions by 9,149.7% in the 4th quarter. CWM LLC now owns 176,115 shares of the company's stock valued at $22,860,000 after buying an additional 174,211 shares during the period. abrdn plc raised its holdings in shares of Jacobs Solutions by 81.4% in the 4th quarter. abrdn plc now owns 54,454 shares of the company's stock valued at $7,068,000 after buying an additional 24,432 shares during the period. Flynn Zito Capital Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter valued at $229,000. SFE Investment Counsel raised its holdings in shares of Jacobs Solutions by 6.1% in the 4th quarter. SFE Investment Counsel now owns 31,786 shares of the company's stock valued at $4,126,000 after buying an additional 1,841 shares during the period. Finally, Ninety One SA PTY Ltd purchased a new stake in Jacobs Solutions during the 4th quarter worth about $5,252,000. Hedge funds and other institutional investors own 85.65% of the company's stock.

Insider Activity at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 in the last ninety days. Corporate insiders own 1.00% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J stock traded down $2.40 during trading hours on Tuesday, reaching $143.45. 458,875 shares of the company's stock were exchanged, compared to its average volume of 636,543. The company has a market cap of $18.02 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. The company's 50 day moving average is $147.47 and its two-hundred day moving average is $137.93. Jacobs Solutions Inc. has a 1 year low of $109.00 and a 1 year high of $154.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. During the same period in the prior year, the business posted $1.67 EPS. The company's revenue for the quarter was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. KeyCorp assumed coverage on Jacobs Solutions in a report on Wednesday, January 10th. They set a "sector weight" rating on the stock. Argus upped their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a "buy" rating in a report on Thursday, March 14th. Citigroup upped their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a "buy" rating in a research report on Monday, April 22nd. Royal Bank of Canada upped their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Finally, Bank of America upped their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

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.