MassMutual Private Wealth & Trust FSB Has $1.68 Million Stock Position in Jacobs Solutions Inc. (NYSE:J)

MassMutual Private Wealth & Trust FSB lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 29.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,541 shares of the company’s stock after selling 5,289 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Jacobs Solutions were worth $1,676,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares during the period. Quarry LP boosted its stake in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after acquiring an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions in the 3rd quarter valued at about $42,000. True Wealth Design LLC acquired a new position in Jacobs Solutions in the 3rd quarter valued at $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after purchasing an additional 145 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on J. Citigroup decreased their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. StockNews.com began coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Truist Financial lifted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. 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 report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.11.

Jacobs Solutions Trading Up 0.6 %

Shares of Jacobs Solutions stock opened at $139.18 on Tuesday. The stock has a market capitalization of $17.26 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.00 and a beta of 0.72. The stock’s 50-day simple moving average is $136.91 and its 200 day simple moving average is $141.51. Jacobs Solutions Inc. has a 52-week low of $108.64 and a 52-week high of $150.54. 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 (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business posted $1.90 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

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.