MassMutual Private Wealth & Trust FSB Has $1.68 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

MassMutual Private Wealth & Trust FSB decreased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,541 shares of the company's stock after selling 5,289 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Jacobs Solutions were worth $1,676,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Jacobs Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock worth $410,444,000 after buying an additional 73,566 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after acquiring an additional 32,650 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company's stock worth $99,552,000 after purchasing an additional 14,405 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Jacobs Solutions by 19.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company's stock valued at $85,099,000 after purchasing an additional 107,849 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company's stock valued at $70,296,000 after purchasing an additional 117,940 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

J has been the topic of a number of research analyst reports. Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a report on Friday, October 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial increased their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a "hold" rating on the stock. Finally, Robert W. Baird upped their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.11.

Jacobs Solutions Stock Up 1.2 %

J stock traded up $1.71 during midday trading on Tuesday, hitting $140.97. The company's stock had a trading volume of 442,932 shares, compared to its average volume of 582,404. The firm has a market capitalization of $17.48 billion, a P/E ratio of 22.28, a PEG ratio of 2.10 and a beta of 0.72. The firm has a 50-day simple moving average of $136.76 and a 200-day simple moving average of $141.51. Jacobs Solutions Inc. has a 52-week low of $110.39 and a 52-week high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to analysts' expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.90 earnings per share. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

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.