Jacobs Solutions Inc. (NYSE:J) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in Jacobs Solutions Inc. (NYSE:J) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,379 shares of the company’s stock after selling 99 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Jacobs Solutions were worth $5,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after acquiring an additional 47,211 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jacobs Solutions during the 3rd quarter worth approximately $3,205,000. Sei Investments Co. raised its position in Jacobs Solutions by 32.1% in the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after purchasing an additional 66,002 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Jacobs Solutions during the 3rd quarter worth $1,756,000. Finally, Aigen Investment Management LP bought a new position in shares of Jacobs Solutions in the 3rd quarter worth $709,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock traded up $2.01 on Monday, hitting $134.36. 506,819 shares of the company’s stock were exchanged, compared to its average volume of 611,467. 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 $108.19 and a 1 year high of $150.54. The stock has a market capitalization of $16.66 billion, a PE ratio of 21.23, a PEG ratio of 2.07 and a beta of 0.72. The company has a 50-day simple moving average of $137.66 and a 200-day simple moving average of $141.58.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on J. Citigroup lowered their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $156.11.

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.