CX Institutional Has $944,000 Stock Position in Jacobs Solutions Inc. (NYSE:J)

CX Institutional decreased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 11.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,062 shares of the company’s stock after selling 953 shares during the period. CX Institutional’s holdings in Jacobs Solutions were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Sessa Capital IM L.P. acquired a new stake in shares of Jacobs Solutions in the third quarter worth about $46,168,000. Soros Fund Management LLC lifted its position in shares of Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after buying an additional 127,874 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Jacobs Solutions by 28.1% in the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after buying an additional 117,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after buying an additional 107,849 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Jacobs Solutions by 24.9% in the second quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock worth $70,912,000 after buying an additional 101,043 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.5 %

Jacobs Solutions stock opened at $140.82 on Friday. The business has a 50 day moving average price of $136.53 and a two-hundred day moving average price of $141.57. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Robert W. Baird boosted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.