Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 3.0% during the second quarter, Holdings Channel reports. The firm owned 22,123 shares of the company’s stock after acquiring an additional 642 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jacobs Solutions were worth $2,630,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Clear Street Markets LLC increased its position in shares of Jacobs Solutions by 93.8% during the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after acquiring an additional 121 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in Jacobs Solutions by 210.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 295 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Money Concepts Capital Corp purchased a new position in Jacobs Solutions in the fourth quarter valued at $46,000. Private Trust Co. NA increased its holdings in Jacobs Solutions by 101.4% in the second quarter. Private Trust Co. NA now owns 425 shares of the company’s stock valued at $51,000 after buying an additional 214 shares during the last quarter. Finally, Quarry LP increased its holdings in Jacobs Solutions by 78.9% in the first quarter. Quarry LP now owns 442 shares of the company’s stock valued at $52,000 after buying an additional 195 shares during the last quarter. 84.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction on Monday, October 16th. The shares were sold at an average price of $138.97, for a total transaction of $926,374.02. Following the transaction, the insider now owns 567,960 shares in the company, valued at approximately $78,929,401.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 19,998 shares of company stock worth $2,722,394. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Jacobs Solutions from $135.00 to $150.00 in a research note on Wednesday, August 9th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Credit Suisse Group dropped their target price on shares of Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. TD Cowen increased their target price on shares of Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. Finally, Citigroup increased their target price on shares of Jacobs Solutions from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $149.11.

Jacobs Solutions Stock Up 1.2 %

Shares of J opened at $136.98 on Tuesday. The firm has a market cap of $17.25 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.64 and a beta of 0.83. The company’s fifty day moving average is $134.30 and its two-hundred day moving average is $127.13. Jacobs Solutions Inc. has a fifty-two week low of $109.00 and a fifty-two week high of $141.16. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.48.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Friday, October 27th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, October 26th. This represents a $1.04 annualized dividend and a dividend yield of 0.76%. Jacobs Solutions’s payout ratio is 17.93%.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.