Teachers Retirement System of The State of Kentucky Reduces Stake in Jacobs Solutions Inc. (NYSE:J)

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,732 shares of the company’s stock after selling 295 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.17% of Jacobs Solutions worth $29,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Old North State Trust LLC grew its stake in shares of Jacobs Solutions by 8.4% during the 2nd quarter. Old North State Trust LLC now owns 2,711 shares of the company’s stock worth $379,000 after purchasing an additional 211 shares during the period. EP Wealth Advisors LLC boosted its holdings in Jacobs Solutions by 43.2% during the second quarter. EP Wealth Advisors LLC now owns 2,075 shares of the company’s stock worth $290,000 after buying an additional 626 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Jacobs Solutions by 218.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock valued at $2,521,000 after buying an additional 12,381 shares during the period. Creative Planning increased its holdings in Jacobs Solutions by 2.1% in the second quarter. Creative Planning now owns 31,752 shares of the company’s stock valued at $4,436,000 after buying an additional 643 shares in the last quarter. Finally, Security National Bank of SO Dak raised its position in shares of Jacobs Solutions by 1.5% in the second quarter. Security National Bank of SO Dak now owns 23,574 shares of the company’s stock worth $3,294,000 after acquiring an additional 355 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

J has been the topic of a number of analyst reports. Royal Bank of Canada raised their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. UBS Group boosted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial reissued a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Tuesday, September 24th. They set a “buy” rating for the company. Finally, Robert W. Baird decreased their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Insiders sold 14,516 shares of company stock valued at $2,152,693 in the last three months. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Down 15.8 %

Shares of NYSE:J opened at $130.90 on Tuesday. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.70 and a beta of 0.72. Jacobs Solutions Inc. has a 12-month low of $120.71 and a 12-month high of $156.31. The business has a 50-day moving average price of $146.19 and a 200 day moving average price of $144.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.89%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

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.