Nisa Investment Advisors LLC raised its holdings in Jacobs Solutions Inc. (NYSE:J – Free Report) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 36,106 shares of the company’s stock after acquiring an additional 319 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Jacobs Solutions were worth $4,824,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Heritage Family Offices LLP lifted its stake in shares of Jacobs Solutions by 55.7% during the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after buying an additional 5,332 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Jacobs Solutions by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after acquiring an additional 47,211 shares during the period. Occidental Asset Management LLC grew its position in shares of Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock valued at $3,347,000 after purchasing an additional 2,619 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Jacobs Solutions during the third quarter worth approximately $3,205,000. Finally, Point72 Asset Management L.P. acquired a new stake in Jacobs Solutions during the 3rd quarter worth approximately $1,756,000. 85.65% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on J. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup lowered their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Truist Financial boosted 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.11.
Jacobs Solutions Price Performance
Shares of J stock opened at $140.82 on Friday. The business has a fifty day simple moving average of $136.51 and a 200 day simple moving average of $141.55. The company has a market cap of $17.46 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.14 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54.
Jacobs Solutions (NYSE:J – Get Free Report) last released 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). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 earnings per share. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal 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.
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