MetLife Investment Management LLC Has $4.26 Million Holdings in Jacobs Solutions Inc. (NYSE:J)

MetLife Investment Management LLC trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,546 shares of the company’s stock after selling 837 shares during the quarter. MetLife Investment Management LLC’s holdings in Jacobs Solutions were worth $4,260,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Atria Investments Inc bought a new position in shares of Jacobs Solutions in the first quarter valued at approximately $1,476,000. Cetera Investment Advisers lifted its stake in Jacobs Solutions by 103.0% during the 1st quarter. Cetera Investment Advisers now owns 18,957 shares of the company’s stock valued at $2,914,000 after acquiring an additional 9,617 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Jacobs Solutions by 168.2% during the 1st quarter. Cetera Advisors LLC now owns 6,436 shares of the company’s stock worth $989,000 after acquiring an additional 4,036 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Jacobs Solutions by 1.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 22,850 shares of the company’s stock worth $3,505,000 after acquiring an additional 359 shares during the last quarter. Finally, First Hawaiian Bank grew its stake in shares of Jacobs Solutions by 2.3% in the 2nd quarter. First Hawaiian Bank now owns 10,750 shares of the company’s stock worth $1,502,000 after acquiring an additional 244 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of J opened at $141.23 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The firm has a market cap of $17.51 billion, a PE ratio of 22.31, a PEG ratio of 2.13 and a beta of 0.71. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. The stock’s fifty day moving average price is $141.51 and its two-hundred day moving average price is $142.39.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company earned $1.90 earnings per share. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio is 18.33%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada decreased their price target on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. UBS Group lifted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

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.