Teacher Retirement System of Texas Has $29.44 Million Stake in Jacobs Solutions Inc. $J

Teacher Retirement System of Texas boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,427 shares of the company’s stock after purchasing an additional 17,371 shares during the period. Teacher Retirement System of Texas owned about 0.16% of Jacobs Solutions worth $29,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after acquiring an additional 1,184,068 shares in the last quarter. AQR Capital Management LLC boosted its position in Jacobs Solutions by 68.8% during the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock valued at $168,194,000 after purchasing an additional 525,291 shares during the last quarter. Ninety One UK Ltd grew its stake in Jacobs Solutions by 20.4% in the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after purchasing an additional 520,417 shares in the last quarter. Invesco Ltd. grew its stake in Jacobs Solutions by 21.4% in the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after purchasing an additional 460,283 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Jacobs Solutions by 350.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock worth $72,638,000 after purchasing an additional 429,880 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Insider Transactions at Jacobs Solutions

In other news, Director Manuel J. Fernandez bought 763 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $130.78 per share, with a total value of $99,785.14. Following the completion of the transaction, the director owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Peter J. Robertson bought 1,000 shares of the stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $134.76 per share, for a total transaction of $134,760.00. Following the purchase, the director owned 1,000 shares of the company’s stock, valued at $134,760. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 2,513 shares of company stock worth $335,878 over the last quarter. Company insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Down 1.6%

J stock opened at $137.88 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.30 and a quick ratio of 1.30. The company has a fifty day moving average price of $136.99 and a two-hundred day moving average price of $144.62. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $168.44. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 56.98, a price-to-earnings-growth ratio of 1.53 and a beta of 0.81.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.08. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $3.14 billion. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. Equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.28 annualized dividend and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is 52.89%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup cut their price objective on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 21st. Wall Street Zen upgraded shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Wells Fargo & Company increased their price target on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a research note on Friday. Royal Bank Of Canada decreased their price objective on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a research report on Friday, November 21st. Finally, Truist Financial lowered their price objective on shares of Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $156.60.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.