Jacobs Solutions Inc. (NYSE:J) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,312 shares of the company’s stock after selling 310 shares during the period. Retirement Systems of Alabama’s holdings in Jacobs Solutions were worth $3,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of J. Inspire Trust Co. N.A. lifted its position in Jacobs Solutions by 28.7% during the third quarter. Inspire Trust Co. N.A. now owns 8,980 shares of the company’s stock worth $1,175,000 after buying an additional 2,000 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Jacobs Solutions by 7.3% during the 3rd quarter. Synovus Financial Corp now owns 5,117 shares of the company’s stock worth $670,000 after acquiring an additional 350 shares during the period. Tidal Investments LLC raised its holdings in shares of Jacobs Solutions by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company’s stock worth $3,199,000 after acquiring an additional 829 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $3,205,000. Finally, Sanctuary Advisors LLC grew its holdings in shares of Jacobs Solutions by 79.8% in the third quarter. Sanctuary Advisors LLC now owns 18,201 shares of the company’s stock valued at $2,500,000 after purchasing an additional 8,076 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

J opened at $134.06 on Friday. The stock’s 50-day moving average price is $139.94 and its 200 day moving average price is $142.18. Jacobs Solutions Inc. has a 12-month low of $104.90 and a 12-month high of $150.54. The firm has a market cap of $16.63 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 2.04 and a beta of 0.70. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were given a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.87%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Truist Financial upped their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup decreased their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Hold” and a consensus target price of $156.11.

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.