Jacobs Solutions Inc. (NYSE:J) Shares Sold by BDF Gestion

BDF Gestion reduced its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,661 shares of the company’s stock after selling 1,463 shares during the period. BDF Gestion’s holdings in Jacobs Solutions were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in J. Public Sector Pension Investment Board grew its stake in Jacobs Solutions by 66.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,705 shares of the company’s stock valued at $657,000 after purchasing an additional 1,878 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Jacobs Solutions by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,036 shares of the company’s stock valued at $11,322,000 after purchasing an additional 878 shares during the last quarter. Creative Planning grew its stake in Jacobs Solutions by 2.1% during the 2nd quarter. Creative Planning now owns 31,752 shares of the company’s stock valued at $4,436,000 after purchasing an additional 643 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Jacobs Solutions by 218.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock worth $2,521,000 after buying an additional 12,381 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its stake in shares of Jacobs Solutions by 43.2% in the second quarter. EP Wealth Advisors LLC now owns 2,075 shares of the company’s stock worth $290,000 after buying an additional 626 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

NYSE:J opened at $137.43 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a 50-day moving average of $136.55 and a two-hundred day moving average of $141.55. The stock has a market cap of $17.04 billion, a P/E ratio of 21.71, a PEG ratio of 2.14 and a beta of 0.72. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share 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 business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the company earned $1.90 EPS. Jacobs Solutions’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on J shares. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

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.