Mutual of America Capital Management LLC Decreases 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 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,281 shares of the company’s stock after selling 1,356 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jacobs Solutions were worth $5,348,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EdgeRock Capital LLC bought a new stake in Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares during the period. ICA Group Wealth Management LLC bought a new stake in Jacobs Solutions during the 4th quarter valued at $30,000. Quarry LP boosted its position in Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after buying an additional 159 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in Jacobs Solutions in the 1st quarter worth $48,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Down 0.5 %

NYSE:J opened at $148.64 on Friday. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $154.50. The company has a market capitalization of $18.61 billion, a PE ratio of 28.69, a P/E/G ratio of 1.63 and a beta of 0.72. The firm’s 50-day moving average price is $146.13 and its 200-day moving average price is $144.13. 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 earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts predict that Jacobs Solutions Inc. will post 7.97 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were issued 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 (DPR) is 22.39%.

Wall Street Analyst Weigh In

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

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was 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 of the company’s stock, valued at $6,346,108.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,516 shares of company stock valued at $3,132,273. Insiders own 1.00% of the company’s stock.

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.