Mutual of America Capital Management LLC Sells 632 Shares of Jacobs Solutions Inc. (NYSE:J)

Mutual of America Capital Management LLC cut its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,231 shares of the company’s stock after selling 632 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jacobs Solutions were worth $1,720,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC lifted its holdings in Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock worth $619,676,000 after buying an additional 3,597,564 shares during the period. Geode Capital Management LLC lifted its holdings in Jacobs Solutions by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company’s stock worth $420,626,000 after buying an additional 10,174 shares during the period. Ninety One UK Ltd lifted its holdings in Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company’s stock worth $263,171,000 after buying an additional 188,852 shares during the period. Lazard Asset Management LLC lifted its holdings in Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company’s stock worth $281,808,000 after buying an additional 1,904,988 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company’s stock valued at $241,746,000 after purchasing an additional 157,086 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

Shares of J opened at $138.67 on Monday. The firm has a market capitalization of $16.66 billion, a P/E ratio of 38.20, a P/E/G ratio of 1.95 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a 50 day moving average price of $129.51 and a two-hundred day moving average price of $127.55. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $156.31.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.91 earnings per share. Equities analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.32 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.92%. Jacobs Solutions’s payout ratio is 35.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on J. Royal Bank Of Canada boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Monday, May 12th. Citigroup dropped their price objective on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. UBS Group dropped their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Finally, KeyCorp raised Jacobs Solutions from a “sector weight” rating to an “overweight” rating and set a $155.00 price objective on the stock in a research note on Wednesday, July 16th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.38.

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.