MassMutual Private Wealth & Trust FSB Has $38,000 Position in Jacobs Solutions Inc. $J

Key Points

• MassMutual Private Wealth & Trust FSB significantly reduced its stake in Jacobs Solutions Inc. by 97.7% during the 2nd quarter, resulting in a position now valued at $38,000.
• Jacobs Solutions recently reported a quarterly earnings per share (EPS) of $1.62, exceeding analyst expectations, but noted a 28.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.32 per share, which corresponds to an annual yield of 0.9% and a payout ratio of 31.92%.

MassMutual Private Wealth & Trust FSB reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 97.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 289 shares of the company's stock after selling 12,112 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Jacobs Solutions were worth $38,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Jacobs Solutions during the 1st quarter valued at $43,251,000. Vontobel Holding Ltd. increased its position in Jacobs Solutions by 639.3% in the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock worth $41,375,000 after purchasing an additional 295,957 shares during the period. GAMMA Investing LLC grew its position in shares of Jacobs Solutions by 22,889.3% during the 1st quarter. GAMMA Investing LLC now owns 275,871 shares of the company's stock worth $33,350,000 after buying an additional 274,671 shares during the period. SG Americas Securities LLC grew its holdings in Jacobs Solutions by 1,098.2% during the 1st quarter. SG Americas Securities LLC now owns 226,816 shares of the company's stock worth $27,420,000 after acquiring an additional 207,886 shares during the period. Finally, Ninety One UK Ltd grew its position in shares of Jacobs Solutions by 9.5% during the 1st quarter. Ninety One UK Ltd now owns 2,176,944 shares of the company's stock worth $263,171,000 after buying an additional 188,852 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on J. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Citigroup boosted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. UBS Group boosted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Finally, KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Trading Up 1.1%

Shares of Jacobs Solutions stock traded up $1.59 on Monday, hitting $150.76. The stock had a trading volume of 584,674 shares, compared to its average volume of 804,176. The stock has a 50 day moving average of $144.77 and a 200 day moving average of $131.50. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. 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 firm has a market capitalization of $18.02 billion, a P/E ratio of 37.60, a PEG ratio of 2.03 and a beta of 0.79.

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

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a $0.32 dividend. 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 dividend payout ratio is presently 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.