Kentucky Retirement Systems Sells 533 Shares of Jacobs Solutions Inc. (NYSE:J)

Kentucky Retirement Systems lowered its position in Jacobs Solutions Inc. (NYSE:J) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,542 shares of the company’s stock after selling 533 shares during the period. Kentucky Retirement Systems’ holdings in Jacobs Solutions were worth $1,467,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Jacobs Solutions in the 4th quarter worth approximately $27,000. ICA Group Wealth Management LLC bought a new position in Jacobs Solutions in the 4th quarter worth approximately $30,000. Union Savings Bank raised its position in Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the last quarter. Northwest Financial Advisors bought a new position in Jacobs Solutions in the 4th quarter worth approximately $39,000. Finally, Quarry LP raised its position in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after purchasing an additional 159 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. Truist Financial dropped their price objective on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research report on Wednesday, May 8th. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Citigroup boosted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Finally, Robert W. Baird lowered their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.82.

Jacobs Solutions Trading Up 0.4 %

Shares of J stock traded up $0.59 on Friday, hitting $145.98. The stock had a trading volume of 527,153 shares, compared to its average volume of 596,347. Jacobs Solutions Inc. has a twelve month low of $120.71 and a twelve month high of $154.50. The firm has a market cap of $18.28 billion, a P/E ratio of 28.18, a PEG ratio of 1.68 and a beta of 0.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $140.80 and a two-hundred day moving average price of $142.69.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the business earned $1.81 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the transaction, the insider now directly owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders sold 22,500 shares of company stock valued at $3,180,575 in the last quarter. Company insiders own 1.00% of the company’s stock.

About Jacobs Solutions

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.