Jacobs Solutions Inc. (NYSE:J) Stock Position Lifted by Occidental Asset Management LLC

Occidental Asset Management LLC lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,045 shares of the company’s stock after acquiring an additional 2,619 shares during the period. Occidental Asset Management LLC’s holdings in Jacobs Solutions were worth $3,347,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in J. DekaBank Deutsche Girozentrale raised its holdings in shares of Jacobs Solutions by 1.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 23,161 shares of the company’s stock valued at $3,227,000 after buying an additional 311 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Jacobs Solutions by 11.8% in the 2nd 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 during the period. Renaissance Technologies LLC raised its stake in Jacobs Solutions by 117.8% during the 2nd quarter. Renaissance Technologies LLC now owns 166,800 shares of the company’s stock valued at $23,304,000 after acquiring an additional 90,200 shares in the last quarter. Meiji Yasuda Life Insurance Co acquired a new position in Jacobs Solutions during the 2nd quarter worth $270,000. Finally, Mercer Global Advisors Inc. ADV grew its stake in shares of Jacobs Solutions by 4.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 29,626 shares of the company’s stock worth $4,143,000 after purchasing an additional 1,279 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Stock Performance

J stock opened at $138.24 on Friday. The stock has a market cap of $17.14 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a 50 day simple moving average of $137.19 and a 200 day simple moving average of $141.48. Jacobs Solutions Inc. has a 52 week low of $108.19 and a 52 week 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Truist Financial raised their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Finally, Citigroup dropped their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.11.

Jacobs Solutions 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.