Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 812.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,585 shares of the company's stock after purchasing an additional 4,973 shares during the quarter. Blue Trust Inc.'s holdings in Jacobs Solutions were worth $731,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Heritage Family Offices LLP increased its position in shares of Jacobs Solutions by 55.7% during the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company's stock worth $1,993,000 after acquiring an additional 5,332 shares during the period. JPMorgan Chase & Co. increased its holdings in Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company's stock worth $56,778,000 after purchasing an additional 47,211 shares during the period. Occidental Asset Management LLC raised its position in Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company's stock valued at $3,347,000 after purchasing an additional 2,619 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $3,205,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Jacobs Solutions during the third quarter worth about $1,756,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 1.8 %

NYSE:J traded up $2.45 on Thursday, reaching $139.71. The stock had a trading volume of 404,689 shares, compared to its average volume of 619,095. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a market cap of $17.33 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 2.14 and a beta of 0.72. The firm's fifty day moving average is $136.65 and its two-hundred day moving average is $141.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company's revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.90 earnings per share. Equities analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on J. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. 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. Finally, Raymond James upgraded shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.