Mutual of America Capital Management LLC Reduces Position in Jacobs Solutions Inc. $J

Mutual of America Capital Management LLC cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,783 shares of the company’s stock after selling 448 shares during the period. Mutual of America Capital Management LLC’s holdings in Jacobs Solutions were worth $1,812,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of J. GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 90.2% during the first quarter. GAMMA Investing LLC now owns 2,282 shares of the company’s stock valued at $276,000 after buying an additional 1,082 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Jacobs Solutions by 2.6% during the first quarter. Asset Management One Co. Ltd. now owns 73,028 shares of the company’s stock valued at $8,828,000 after buying an additional 1,819 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Jacobs Solutions by 286.7% during the first quarter. Golden State Wealth Management LLC now owns 611 shares of the company’s stock valued at $74,000 after buying an additional 453 shares during the last quarter. Perigon Wealth Management LLC boosted its position in shares of Jacobs Solutions by 14.5% during the first quarter. Perigon Wealth Management LLC now owns 4,992 shares of the company’s stock valued at $604,000 after buying an additional 634 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Jacobs Solutions by 78.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 130,137 shares of the company’s stock valued at $15,732,000 after buying an additional 57,272 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

J has been the topic of several research reports. Citigroup raised their target price on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. KeyCorp raised their target price on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group raised their target price on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Truist Financial raised their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Jacobs Solutions Stock Performance

NYSE J opened at $159.43 on Friday. The company has a market cap of $19.06 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.88 and a beta of 0.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The business’s 50 day moving average price is $150.59 and its 200-day moving average price is $137.34. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $1.28 annualized dividend and a dividend yield of 0.8%. Jacobs Solutions’s payout ratio is currently 31.92%.

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.