California State Teachers Retirement System Increases Stake in Jacobs Solutions Inc. $J

California State Teachers Retirement System boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 11,242.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 25,679,178 shares of the company’s stock after buying an additional 25,452,777 shares during the period. California State Teachers Retirement System owned 0.22% of Jacobs Solutions worth $3,235,576,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in J. Measured Wealth Private Client Group LLC acquired a new position in shares of Jacobs Solutions in the third quarter worth $27,000. NBH Bank purchased a new stake in shares of Jacobs Solutions during the second quarter worth $28,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at $33,000. Continuum Advisory LLC acquired a new stake in shares of Jacobs Solutions in the second quarter valued at $28,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in Jacobs Solutions in the second quarter valued at $30,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $140.54 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $139.92 and a 200-day simple moving average of $130.58. The stock has a market cap of $16.60 billion, a P/E ratio of 49.84, a price-to-earnings-growth ratio of 2.06 and a beta of 0.70. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio is presently 51.06%.

Analyst Ratings Changes

J has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. UBS Group lifted their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Truist Financial lowered their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $153.70.

Insider Activity at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the transaction, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc (NYSE:J) is a global professional services and technical consulting company that provides engineering, design, consulting, program and construction management, and operations services. The company works with public- and private-sector clients on complex projects involving infrastructure, transportation, water, environmental services, energy, advanced manufacturing, life sciences, and other critical facilities.

Jacobs supports the planning, design, delivery, and operation of large-scale assets and systems.