Mutual of America Capital Management LLC Sells 26,093 Shares of Jacobs Solutions Inc. (NYSE:J)

Mutual of America Capital Management LLC cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 63.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,863 shares of the company's stock after selling 26,093 shares during the period. Mutual of America Capital Management LLC's holdings in Jacobs Solutions were worth $1,986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ninety One UK Ltd raised its holdings in shares of Jacobs Solutions by 29.2% during the fourth quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock worth $265,649,000 after acquiring an additional 449,161 shares during the period. Proficio Capital Partners LLC increased its holdings in Jacobs Solutions by 15,913.6% during the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock worth $59,977,000 after purchasing an additional 446,057 shares in the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at about $46,168,000. Soros Fund Management LLC lifted its holdings in shares of Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock valued at $65,569,000 after purchasing an additional 127,874 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company's stock worth $70,296,000 after buying an additional 117,940 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Jacobs Solutions Price Performance

Jacobs Solutions stock traded up $0.42 during trading hours on Monday, reaching $124.95. 46,363 shares of the stock were exchanged, compared to its average volume of 822,819. The stock has a 50 day moving average of $132.92 and a two-hundred day moving average of $138.56. The company has a market cap of $15.31 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 earnings per share. Equities analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 4th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 21st. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's payout ratio is currently 26.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating on the stock. Citigroup lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Truist Financial raised their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Finally, Robert W. Baird decreased their target price on Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $155.89.

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.