Aaron Wealth Advisors LLC Buys Shares of 2,077 Jacobs Solutions Inc. (NYSE:J)

Aaron Wealth Advisors LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,077 shares of the company's stock, valued at approximately $278,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC grew its stake in shares of Jacobs Solutions by 196.5% during the second quarter. Intech Investment Management LLC now owns 22,607 shares of the company's stock valued at $3,158,000 after acquiring an additional 14,982 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Jacobs Solutions by 56.1% during the second quarter. Canada Pension Plan Investment Board now owns 176,316 shares of the company's stock valued at $24,633,000 after acquiring an additional 63,345 shares in the last quarter. Sei Investments Co. grew its stake in shares of Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after acquiring an additional 66,002 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock valued at $58,550,000 after acquiring an additional 411,123 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its stake in shares of Jacobs Solutions by 3.5% during the second quarter. Ensign Peak Advisors Inc now owns 45,339 shares of the company's stock valued at $6,334,000 after acquiring an additional 1,535 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on J shares. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. Truist Financial increased their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Benchmark cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.11.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $2.00 on Tuesday, hitting $141.26. 891,673 shares of the company were exchanged, compared to its average volume of 621,664. Jacobs Solutions Inc. has a one year low of $110.39 and a one year high of $150.54. 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 market capitalization of $17.52 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 2.10 and a beta of 0.72. The company's 50 day moving average price is $136.76 and its two-hundred day moving average price is $141.51.

Jacobs Solutions (NYSE:J - Get Free Report) last released 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 the consensus estimate of $4.50 billion. During the same period last year, the company earned $1.90 earnings per share. Jacobs Solutions's revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current 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.