Strs Ohio Acquires 74,549 Shares of Jacobs Solutions Inc. (NYSE:J)

Strs Ohio increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 71.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 178,828 shares of the company’s stock after purchasing an additional 74,549 shares during the quarter. Strs Ohio’s holdings in Jacobs Solutions were worth $23,211,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Mackenzie Financial Corp boosted its position in Jacobs Solutions by 1,162.8% during the 1st quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after acquiring an additional 798,125 shares during the last quarter. Boston Partners acquired a new position in Jacobs Solutions during the 3rd quarter worth approximately $106,946,000. Select Equity Group L.P. boosted its position in Jacobs Solutions by 12.6% during the 1st quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock worth $554,345,000 after acquiring an additional 529,557 shares during the last quarter. Baupost Group LLC MA acquired a new position in Jacobs Solutions during the 3rd quarter worth approximately $66,583,000. Finally, Third Point LLC boosted its position in Jacobs Solutions by 32.8% during the 3rd quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after acquiring an additional 445,018 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

NYSE:J opened at $144.04 on Tuesday. The stock’s 50-day simple moving average is $147.55 and its 200 day simple moving average is $137.41. The firm has a market capitalization of $18.10 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.53 and a beta of 0.73. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $154.50.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s revenue was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. On average, analysts anticipate that Jacobs Solutions Inc. will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 annualized dividend and a yield of 0.81%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Analysts Set New Price Targets

J has been the subject of a number of recent research reports. Truist Financial initiated coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company. Royal Bank of Canada upped their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Bank of America increased their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. KeyCorp initiated coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Finally, Argus increased their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $154.08.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is currently owned by corporate insiders.

Jacobs Solutions Profile

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.