Jacobs Solutions Inc. $J Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 2.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 226,401 shares of the company’s stock after selling 5,377 shares during the quarter. California State Teachers Retirement System’s holdings in Jacobs Solutions were worth $28,816,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its stake in Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after acquiring an additional 140,179 shares in the last quarter. Kepler Cheuvreux Suisse SA acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth about $2,161,000. Crossmark Global Holdings Inc. increased its position in shares of Jacobs Solutions by 360.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after purchasing an additional 19,427 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $3,312,000. Finally, Goldman Sachs Group Inc. grew its stake in Jacobs Solutions by 24.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock worth $112,962,000 after buying an additional 169,059 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on J. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial dropped their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. KeyCorp reduced their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Citigroup increased their target price on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.30.

View Our Latest Analysis on J

Insider Transactions at Jacobs Solutions

In other news, Director Manuel J. Fernandez acquired 403 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the transaction, the director directly owned 12,251 shares in the company, valued at approximately $1,493,764.43. This trade represents a 3.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert V. Pragada acquired 3,601 shares of the stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $135.18 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The business has a 50 day simple moving average of $126.06 and a 200-day simple moving average of $129.19. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The stock has a market capitalization of $15.96 billion, a PE ratio of 41.98, a price-to-earnings-growth ratio of 1.29 and a beta of 0.69.

Jacobs Solutions (NYSE:JGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. Jacobs Solutions’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities analysts predict that Jacobs Solutions Inc. will post 7.22 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s payout ratio is presently 44.72%.

Jacobs Solutions Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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