MetLife Investment Management LLC Sells 837 Shares of Jacobs Solutions Inc. (NYSE:J)

MetLife Investment Management LLC cut its position in Jacobs Solutions Inc. (NYSE:J) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. 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.

Several other large investors have also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its position in shares of Jacobs Solutions by 58.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 6,261 shares of the company’s stock valued at $820,000 after acquiring an additional 2,312 shares during the last quarter. Lazard Freres Gestion S.A.S. raised its stake in Jacobs Solutions by 29.5% in the third quarter. Lazard Freres Gestion S.A.S. now owns 3,560 shares of the company’s stock valued at $466,000 after purchasing an additional 810 shares in the last quarter. Brooklyn Investment Group bought a new stake in Jacobs Solutions during the third quarter valued at approximately $67,000. FMR LLC lifted its position in Jacobs Solutions by 3.9% during the third quarter. FMR LLC now owns 79,358 shares of the company’s stock valued at $10,388,000 after purchasing an additional 3,011 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in Jacobs Solutions by 53.0% in the 3rd quarter. D.A. Davidson & CO. now owns 6,833 shares of the company’s stock worth $895,000 after buying an additional 2,366 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

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 stock’s 50 day simple moving average is $141.51 and its 200 day simple moving average is $142.39. The firm has a market cap of $17.51 billion, a price-to-earnings 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.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the business posted $1.90 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 18.33%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on J shares. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Friday, October 4th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Tuesday, November 26th. They set a “buy” rating on the stock. Robert W. Baird upped their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Finally, Truist Financial cut their target price 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $156.50.

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.