Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 3,195 Shares of Jacobs Solutions Inc. (NYSE:J)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Jacobs Solutions Inc. (NYSE:JFree Report) by 14.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,318 shares of the company’s stock after purchasing an additional 3,195 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jacobs Solutions were worth $3,456,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in shares of Jacobs Solutions by 64.9% during the 2nd quarter. Covestor Ltd now owns 666 shares of the company’s stock worth $79,000 after acquiring an additional 262 shares during the period. Cibc World Market Inc. lifted its stake in Jacobs Solutions by 1.1% during the second quarter. Cibc World Market Inc. now owns 15,233 shares of the company’s stock worth $1,811,000 after purchasing an additional 167 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Jacobs Solutions by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 691,955 shares of the company’s stock worth $94,452,000 after buying an additional 62,259 shares during the last quarter. Baird Financial Group Inc. lifted its position in Jacobs Solutions by 11.7% in the second quarter. Baird Financial Group Inc. now owns 31,410 shares of the company’s stock valued at $3,734,000 after acquiring an additional 3,286 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Jacobs Solutions by 14.7% in the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock valued at $10,988,000 after purchasing an additional 10,296 shares during the period. Hedge funds and other institutional investors own 84.77% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total transaction of $910,708.92. Following the transaction, the insider now directly owns 556,439 shares in the company, valued at approximately $76,020,696.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP William B. Allen, Jr. sold 1,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $129.50, for a total transaction of $194,250.00. Following the sale, the senior vice president now directly owns 28,150 shares in the company, valued at approximately $3,645,425. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 6,666 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $136.62, for a total value of $910,708.92. Following the completion of the sale, the insider now owns 556,439 shares in the company, valued at $76,020,696.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,832 shares of company stock valued at $3,112,190. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Price Performance

J stock opened at $145.52 on Tuesday. The company has a market cap of $18.28 billion, a PE ratio of 25.99, a price-to-earnings-growth ratio of 1.54 and a beta of 0.73. Jacobs Solutions Inc. has a 12-month low of $109.00 and a 12-month high of $145.77. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average price of $132.16 and a two-hundred day moving average price of $132.63.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the company earned $1.67 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. As a group, research analysts predict that Jacobs Solutions Inc. will post 8.06 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, February 23rd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.57%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on J shares. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of Jacobs Solutions in a research note on Wednesday, November 22nd. Royal Bank of Canada increased 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. Stifel Nicolaus reissued a “buy” rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, November 21st. KeyCorp initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Raymond James lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 22nd. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $152.11.

View Our Latest Stock Report on Jacobs Solutions

About Jacobs Solutions

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Jacobs Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Solutions and related companies with MarketBeat.com's FREE daily email newsletter.