Jacobs Solutions Inc. (NYSE:J) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 3.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,768 shares of the company’s stock after selling 406 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Jacobs Solutions were worth $1,784,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC lifted its holdings in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $30,000. Quarry LP grew its stake in shares of Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Jacobs Solutions during the 1st quarter valued at approximately $48,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $148.34 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions Inc. has a 1 year low of $120.71 and a 1 year high of $154.50. The firm has a market capitalization of $18.57 billion, a PE ratio of 28.64, a P/E/G ratio of 1.63 and a beta of 0.72. The business’s 50 day moving average price is $146.20 and its 200-day moving average price is $144.09.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Tuesday. They set a “buy” rating on the stock. Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Truist Financial reaffirmed 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. Finally, UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $161.67.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the sale, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now directly owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock worth $3,132,273 in the last ninety days. Insiders own 1.00% of the company’s stock.

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.