Campbell Newman Asset Management Inc. Grows Stock Position in Jacobs Solutions Inc. (NYSE:J)

Campbell Newman Asset Management Inc. grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 30.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 252,856 shares of the company’s stock after purchasing an additional 59,704 shares during the period. Jacobs Solutions makes up about 2.7% of Campbell Newman Asset Management Inc.’s investment portfolio, making the stock its 13th largest position. Campbell Newman Asset Management Inc. owned approximately 0.20% of Jacobs Solutions worth $33,787,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in J. Thrivent Financial for Lutherans grew its stake in Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares in the last quarter. Soros Fund Management LLC increased its stake 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. Finally, Dimensional Fund Advisors LP raised its holdings in Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after acquiring an additional 127,605 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 1.2 %

Shares of Jacobs Solutions stock traded up $1.67 during trading on Wednesday, hitting $136.82. The stock had a trading volume of 11,155 shares, compared to its average volume of 537,683. 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 company has a market capitalization of $16.97 billion, a PE ratio of 21.61, a P/E/G ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 1 year low of $108.19 and a 1 year high of $150.54. The stock has a 50 day simple moving average of $137.42 and a 200 day simple moving average of $141.52.

Jacobs Solutions (NYSE:J) last issued its 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 business had revenue of $2.96 billion during 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%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business earned $1.90 EPS. On average, research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on J. StockNews.com assumed coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Citigroup lowered their target price on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their price objective 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 data from MarketBeat.com, the company presently has a consensus 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.