Jacobs Solutions Inc. $J Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 5.2% during the second quarter, HoldingsChannel reports. The firm owned 29,469 shares of the company’s stock after acquiring an additional 1,445 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jacobs Solutions were worth $3,874,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ingalls & Snyder LLC acquired a new position in Jacobs Solutions during the second quarter worth $558,000. FORA Capital LLC acquired a new stake in shares of Jacobs Solutions in the 1st quarter worth $1,986,000. Atlantic Union Bankshares Corp raised its holdings in shares of Jacobs Solutions by 409.3% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock worth $1,645,000 after acquiring an additional 10,057 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in shares of Jacobs Solutions by 90.1% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after acquiring an additional 2,548 shares during the last quarter. Finally, Bank of Nova Scotia grew its holdings in shares of Jacobs Solutions by 15.2% in the first quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock valued at $15,702,000 after purchasing an additional 17,120 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 0.1%

Shares of NYSE:J opened at $150.70 on Wednesday. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $168.44. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.01 billion, a PE ratio of 37.58, a P/E/G ratio of 1.87 and a beta of 0.83. The firm has a 50 day simple moving average of $153.56 and a 200-day simple moving average of $141.82.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders 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 annualized dividend and a yield of 0.8%. Jacobs Solutions’s payout ratio is presently 31.92%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company assumed coverage on shares of Jacobs Solutions in a research note on Friday, November 14th. They set an “equal weight” rating and a $160.00 target price on the stock. Barclays lifted their price target on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Citigroup lifted their target price on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, Truist Financial upped their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.78.

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.