Fiduciary Alliance LLC Invests $1.16 Million in Jacobs Solutions Inc. (NYSE:J)

Fiduciary Alliance LLC acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,705 shares of the company's stock, valued at approximately $1,163,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in J. Barrow Hanley Mewhinney & Strauss LLC grew its holdings 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 purchasing an additional 192,166 shares during the last quarter. Geode Capital Management LLC grew its holdings in Jacobs Solutions by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company's stock worth $410,444,000 after acquiring an additional 73,566 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 in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Jacobs Solutions by 3.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock worth $143,263,000 after acquiring an additional 32,650 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Jacobs Solutions by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company's stock worth $99,552,000 after purchasing an additional 14,405 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Benchmark lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report 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. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Finally, 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 note on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $156.11.

Jacobs Solutions Stock Performance

NYSE:J traded up $0.82 during mid-day trading on Tuesday, hitting $135.10. The stock had a trading volume of 550,220 shares, compared to its average volume of 603,840. Jacobs Solutions Inc. has a twelve month low of $108.19 and a twelve month 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 stock has a market cap of $16.75 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 2.07 and a beta of 0.72. The company's 50 day simple moving average is $137.55 and its 200 day simple moving average is $141.55.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $1.90 earnings per share. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

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.