Teachers Retirement System of The State of Kentucky Has $27.76 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 0.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 212,085 shares of the company’s stock after selling 647 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.17% of Jacobs Solutions worth $27,761,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Geode Capital Management LLC increased its holdings in Jacobs Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock worth $410,444,000 after purchasing an additional 73,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after buying an additional 127,605 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Jacobs Solutions by 3.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after buying an additional 32,650 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Jacobs Solutions by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after acquiring an additional 14,405 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on J. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a report on Friday, October 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday. UBS Group raised their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial lowered their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Finally, Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $155.78.

Jacobs Solutions Price Performance

J opened at $136.17 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. The stock has a 50-day moving average price of $140.19 and a 200-day moving average price of $142.40. The firm has a market cap of $16.88 billion, a PE ratio of 21.51, a P/E/G ratio of 2.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.90 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 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, November 22nd. Investors of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

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.