MassMutual Private Wealth & Trust FSB Lowers Stock 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 lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 97.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.

Several other hedge funds have also added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. raised its stake in Jacobs Solutions by 8.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock worth $136,000 after buying an additional 78 shares during the period. Avidian Wealth Enterprises LLC raised its stake in Jacobs Solutions by 4.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after buying an additional 87 shares during the period. Tlwm raised its stake in Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after buying an additional 105 shares during the period. Kestra Private Wealth Services LLC raised its stake in Jacobs Solutions by 2.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after buying an additional 108 shares during the period. Finally, Ameritas Advisory Services LLC raised its stake in Jacobs Solutions by 1.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock worth $989,000 after buying an additional 117 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

J traded down $2.40 during trading on Tuesday, hitting $148.21. The company's stock had a trading volume of 162,384 shares, compared to its average volume of 800,580. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The firm has a market cap of $17.72 billion, a PE ratio of 36.98, a P/E/G ratio of 2.03 and a beta of 0.79. The business's 50 day simple moving average is $145.07 and its 200-day simple moving average is $131.68.

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

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions's payout ratio is 31.92%.

Analyst Ratings Changes

Several analysts have issued reports on J shares. Citigroup lifted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. KeyCorp lifted their price target on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Wall Street Zen raised Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Finally, UBS Group lifted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $155.25.

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.