Louisiana State Employees Retirement System Invests $764,000 in Jacobs Solutions Inc. $J

Louisiana State Employees Retirement System purchased a new position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,000 shares of the company’s stock, valued at approximately $764,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vident Advisory LLC raised its position in shares of Jacobs Solutions by 0.8% in the second quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock valued at $1,287,000 after buying an additional 75 shares during the last quarter. Gratus Wealth Advisors LLC boosted its holdings in shares of Jacobs Solutions by 1.3% during the 4th quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock worth $820,000 after purchasing an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its holdings in shares of Jacobs Solutions by 0.7% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock valued at $1,585,000 after purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC lifted its position in Jacobs Solutions by 10.4% during the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock worth $137,000 after buying an additional 86 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its position in Jacobs Solutions by 2.2% during the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Activity

In other news, CEO Robert V. Pragada purchased 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the purchase, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This represents a 1.09% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez acquired 253 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $112.56 per share, with a total value of $28,477.68. Following the completion of the acquisition, the director directly owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 4,257 shares of company stock valued at $477,651 over the last three months. Company insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial decreased their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. KeyCorp cut their price target 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a report on Tuesday, May 19th. Finally, Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.10.

View Our Latest Report on J

Jacobs Solutions Trading Up 0.9%

Shares of J stock traded up $1.12 on Tuesday, hitting $130.10. The stock had a trading volume of 19,703 shares, compared to its average volume of 1,083,444. The firm has a market capitalization of $15.36 billion, a P/E ratio of 40.48, a P/E/G ratio of 1.24 and a beta of 0.69. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $168.44. 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 company’s 50 day moving average price is $121.44 and its 200-day moving average price is $129.72.

Jacobs Solutions (NYSE:JGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the prior year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, May 22nd were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is currently 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.

See Also

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

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