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

Mutual of America Capital Management LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,956 shares of the company’s stock after acquiring an additional 2,675 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jacobs Solutions were worth $5,361,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its holdings in Jacobs Solutions by 37.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company’s stock valued at $590,000 after buying an additional 1,036 shares during the last quarter. UniSuper Management Pty Ltd lifted its position in Jacobs Solutions by 448.6% in the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock worth $1,199,000 after purchasing an additional 6,379 shares during the period. Natixis boosted its stake in Jacobs Solutions by 55.0% during the first quarter. Natixis now owns 3,242 shares of the company’s stock valued at $498,000 after buying an additional 1,150 shares in the last quarter. Vident Advisory LLC boosted its position in shares of Jacobs Solutions by 124.0% during the 1st quarter. Vident Advisory LLC now owns 18,954 shares of the company’s stock valued at $2,914,000 after purchasing an additional 10,494 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in shares of Jacobs Solutions in the 1st quarter worth approximately $223,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.8 %

J stock opened at $132.45 on Thursday. The firm has a market cap of $16.46 billion, a PE ratio of 26.18, a PEG ratio of 1.57 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $100.59 and a 1 year high of $150.54. The company has a fifty day simple moving average of $142.38 and a 200 day simple moving average of $142.41. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter last year, the company posted $1.90 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.02 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s payout ratio is 22.92%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent research reports. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Royal Bank of Canada lifted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Citigroup dropped their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, UBS Group boosted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.70.

Insider Activity at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were 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 in the company, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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.