Jacobs Solutions Inc. $J Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 240,726 shares of the company’s stock after purchasing an additional 5,869 shares during the quarter. California Public Employees Retirement System owned about 0.20% of Jacobs Solutions worth $31,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC grew its position in Jacobs Solutions by 103.3% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company’s stock worth $25,000 after buying an additional 95 shares during the period. Costello Asset Management INC acquired a new stake in shares of Jacobs Solutions during the 2nd quarter valued at approximately $43,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $44,000. Ransom Advisory Ltd purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $53,000. Finally, Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions in the 1st quarter worth approximately $51,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 1.6%

J opened at $135.15 on Thursday. The firm has a market cap of $16.05 billion, a P/E ratio of 55.85, a PEG ratio of 1.49 and a beta of 0.81. The business’s fifty day simple moving average is $149.67 and its 200 day simple moving average is $142.86. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.61.

Jacobs Solutions (NYSE:J) last announced its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Tuesday, December 2nd will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is 52.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, November 21st. Baird R W downgraded Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Truist Financial lowered their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Jacobs Solutions in a research report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $155.90.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez bought 763 shares of the stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $130.78 per share, with a total value of $99,785.14. Following the purchase, the director owned 10,380 shares of the company’s stock, valued at approximately $1,357,496.40. The trade was a 7.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter J. Robertson purchased 1,000 shares of the business’s stock in a transaction on Monday, November 24th. The stock was acquired at an average price of $134.76 per share, with a total value of $134,760.00. Following the completion of the acquisition, the director directly owned 1,000 shares in the company, valued at $134,760. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 2,513 shares of company stock worth $335,878. 0.38% of the stock is owned by 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.