Oregon Public Employees Retirement Fund Sells 90 Shares of Jacobs Solutions Inc. (NYSE:J)

Oregon Public Employees Retirement Fund lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,660 shares of the company’s stock after selling 90 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Jacobs Solutions were worth $1,424,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of J. International Assets Investment Management LLC increased its position in Jacobs Solutions by 12,990.4% in the third quarter. International Assets Investment Management LLC now owns 13,614 shares of the company’s stock worth $1,782,000 after purchasing an additional 13,510 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Jacobs Solutions by 67.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,686 shares of the company’s stock worth $744,000 after buying an additional 2,285 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jacobs Solutions by 41.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,488 shares of the company’s stock worth $1,111,000 after buying an additional 2,473 shares during the period. abrdn plc boosted its stake in Jacobs Solutions by 7.7% during the third quarter. abrdn plc now owns 65,150 shares of the company’s stock worth $8,547,000 after buying an additional 4,634 shares during the period. Finally, Integrated Advisors Network LLC boosted its stake in Jacobs Solutions by 5.6% during the third quarter. Integrated Advisors Network LLC now owns 2,955 shares of the company’s stock worth $387,000 after buying an additional 156 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Truist Financial lifted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.89.

Jacobs Solutions Stock Up 1.3 %

NYSE:J opened at $128.22 on Friday. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a 50-day moving average of $134.08 and a 200 day moving average of $139.45. The firm has a market cap of $15.71 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm earned $1.45 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its board has authorized a share buyback program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.00%. Jacobs Solutions’s dividend payout ratio is 26.39%.

Jacobs Solutions Company 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.