Public Employees Retirement System of Ohio Takes $4.94 Million Position in Jacobs Solutions Inc. $J

Public Employees Retirement System of Ohio bought a new position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 39,187 shares of the company’s stock, valued at approximately $4,938,000.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $1,372,610,000. State Street Corp increased its stake in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after acquiring an additional 243,345 shares in the last quarter. Primecap Management Co. CA bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at $575,291,000. Morgan Stanley lifted its position in shares of Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after acquiring an additional 552,277 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Jacobs Solutions by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after acquiring an additional 28,076 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on J. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Truist Financial cut 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 report on Thursday, July 2nd. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup boosted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.70.

Read Our Latest Report on J

Jacobs Solutions Stock Performance

Shares of J stock opened at $147.17 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average of $137.65 and a 200-day moving average of $130.25. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company has a market cap of $17.38 billion, a P/E ratio of 52.19, a P/E/G ratio of 2.12 and a beta of 0.70.

Jacobs Solutions (NYSE:JGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm 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 1.0%. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

About Jacobs Solutions

(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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