Teacher Retirement System of Texas Has $23.54 Million Stock Holdings in Jacobs Solutions Inc. $J

Teacher Retirement System of Texas decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 21.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,056 shares of the company’s stock after selling 48,462 shares during the period. Teacher Retirement System of Texas owned approximately 0.15% of Jacobs Solutions worth $23,537,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of J. Rossby Financial LCC acquired a new position in Jacobs Solutions during the first quarter worth $33,000. Costello Asset Management INC acquired a new position in Jacobs Solutions during the second quarter worth $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Jacobs Solutions during the second quarter worth $44,000. Colonial Trust Advisors acquired a new position in Jacobs Solutions during the first quarter worth $51,000. Finally, Ransom Advisory Ltd acquired a new position in Jacobs Solutions during the second quarter worth $53,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

J opened at $160.99 on Tuesday. The firm has a market cap of $19.24 billion, a P/E ratio of 40.15, a PEG ratio of 1.88 and a beta of 0.81. The firm has a 50-day moving average of $150.87 and a 200 day moving average of $137.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 22nd. This represents a $1.28 annualized dividend and a yield of 0.8%. Jacobs Solutions’s dividend payout ratio is presently 31.92%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on J. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Citigroup increased their target price on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Barclays increased their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, KeyCorp increased their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.