Mutual of America Capital Management LLC Has $5.01 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

Mutual of America Capital Management LLC grew its position in Jacobs Solutions Inc. (NYSE:J) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,615 shares of the company’s stock after buying an additional 529 shares during the period. Mutual of America Capital Management LLC’s holdings in Jacobs Solutions were worth $5,012,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Jacobs Solutions in the 1st quarter worth $125,000. Panagora Asset Management Inc. boosted its stake in Jacobs Solutions by 22.6% in the 1st quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock worth $478,000 after purchasing an additional 641 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Jacobs Solutions by 5.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after purchasing an additional 933 shares during the period. Cibc World Market Inc. boosted its stake in Jacobs Solutions by 4.8% in the 1st quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after purchasing an additional 680 shares during the period. Finally, Vontobel Holding Ltd. boosted its stake in Jacobs Solutions by 5.6% in the 1st quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after purchasing an additional 448 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the sale, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock worth $2,393,710 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Down 0.8 %

Shares of J stock opened at $144.65 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50-day moving average is $147.42 and its 200-day moving average is $137.35. The stock has a market cap of $18.18 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 1.53 and a beta of 0.73. Jacobs Solutions Inc. has a 52-week low of $109.00 and a 52-week high of $154.50.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, February 22nd. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is presently 20.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on J shares. Royal Bank of Canada upped their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. KeyCorp began coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Argus increased their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Truist Financial began coverage on shares of Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective for the company. Finally, Bank of America increased their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $154.08.

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.