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

Mutual of America Capital Management LLC boosted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 7.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.

Several other institutional investors also recently bought and sold shares of J. Natixis Advisors LLC raised its stake in shares of Jacobs Solutions by 0.6% in the third quarter. Natixis Advisors LLC now owns 200,675 shares of the company’s stock valued at $26,269,000 after acquiring an additional 1,106 shares in the last quarter. Mizuho Securities USA LLC raised its position in Jacobs Solutions by 978.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company’s stock valued at $13,627,000 after purchasing an additional 94,448 shares in the last quarter. Coastline Trust Co boosted its stake in shares of Jacobs Solutions by 3.8% in the 3rd quarter. Coastline Trust Co now owns 8,805 shares of the company’s stock valued at $1,153,000 after buying an additional 320 shares during the period. Empirical Finance LLC grew its position in shares of Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after buying an additional 82 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of Jacobs Solutions by 8.1% during the third quarter. CIBC Asset Management Inc now owns 18,217 shares of the company’s stock worth $2,385,000 after buying an additional 1,360 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 4.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE J opened at $132.45 on Thursday. The business has a 50 day moving average price of $142.38 and a 200 day moving average price of $142.41. The company has a market capitalization of $16.46 billion, a P/E 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 debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last announced 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 net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the company earned $1.90 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.02 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on J. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. UBS Group boosted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird increased their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday. Citigroup reduced their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a research report on Monday. They issued a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.70.

Jacobs Solutions Company 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.