Mutual of America Capital Management LLC Reduces Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mutual of America Capital Management LLC cut its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,281 shares of the company’s stock after selling 1,356 shares during the period. Mutual of America Capital Management LLC’s holdings in Jacobs Solutions were worth $5,348,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in J. Boston Partners lifted its stake in shares of Jacobs Solutions by 27.9% in the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after purchasing an additional 805,657 shares during the period. TD Asset Management Inc boosted its stake in shares of Jacobs Solutions by 376.7% during the 4th quarter. TD Asset Management Inc now owns 276,578 shares of the company’s stock worth $35,900,000 after acquiring an additional 218,560 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in shares of Jacobs Solutions during the 1st quarter valued at $29,239,000. Epoch Investment Partners Inc. increased its stake in shares of Jacobs Solutions by 20.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 826,336 shares of the company’s stock worth $107,258,000 after purchasing an additional 137,604 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Jacobs Solutions by 305.4% in the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after purchasing an additional 137,213 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group boosted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Truist Financial reissued a “hold” rating and issued a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Robert W. Baird dropped their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $161.67.

Insider Activity at Jacobs Solutions

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock valued at $3,132,273 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $148.64 on Friday. The firm’s fifty day moving average is $146.13 and its two-hundred day moving average is $144.13. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The company has a market cap of $18.61 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. As a group, analysts anticipate that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.