California Public Employees Retirement System Reduces Holdings in Jacobs Solutions Inc. $J

California Public Employees Retirement System reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 6.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 239,802 shares of the company’s stock after selling 16,272 shares during the quarter. California Public Employees Retirement System’s holdings in Jacobs Solutions were worth $30,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of J. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Jacobs Solutions by 737.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after purchasing an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA purchased a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $2,161,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Jacobs Solutions by 360.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after purchasing an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $3,312,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock valued at $112,962,000 after purchasing an additional 169,059 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Robert V. Pragada acquired 3,601 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $37,076,842.95. This represents a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez acquired 403 shares of the company’s stock in a transaction on Friday, May 8th. The stock was purchased at an average cost of $121.93 per share, for a total transaction of $49,137.79. Following the completion of the purchase, the director directly owned 12,251 shares in the company, valued at $1,493,764.43. This trade represents a 3.40% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 4,257 shares of company stock worth $477,651. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Wells Fargo & Company reduced their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada reissued an “outperform” rating and issued a $169.00 price objective on shares of Jacobs Solutions in a report on Tuesday, May 19th. KeyCorp lowered their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Truist Financial cut their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $153.10.

Jacobs Solutions Price Performance

Shares of J opened at $129.70 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm has a 50-day simple moving average of $122.50 and a 200-day simple moving average of $129.27. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 1.25 and a beta of 0.69.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.43 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s payout ratio is presently 44.72%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.