MML Investors Services LLC Reduces Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

MML Investors Services LLC cut its holdings in Jacobs Solutions Inc. (NYSE:J) by 4.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,005 shares of the company’s stock after selling 696 shares during the quarter. MML Investors Services LLC’s holdings in Jacobs Solutions were worth $1,833,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. First Horizon Advisors Inc. raised its stake in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its holdings in shares of Jacobs Solutions by 1.4% during the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after purchasing an additional 82 shares during the period. Empirical Finance LLC boosted its position in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after buying an additional 82 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Jacobs Solutions by 4.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after buying an additional 86 shares during the period. Finally, American National Bank increased its holdings in Jacobs Solutions by 1.4% in the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $137.24 on Tuesday. The stock has a market capitalization of $17.02 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.04 and a beta of 0.70. The company’s fifty day moving average price is $140.14 and its 200 day moving average price is $142.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last released 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 company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.90 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on J. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Robert W. Baird upped their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $155.78.

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.