Boston Common Asset Management LLC Takes $3.98 Million Position in Jacobs Solutions Inc. (NYSE:J)

Boston Common Asset Management LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,757 shares of the company's stock, valued at approximately $3,976,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in J. First Horizon Advisors Inc. increased its position in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after buying an additional 74 shares in the last quarter. Quarry LP increased its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after acquiring an additional 233 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions during the third quarter worth about $42,000. True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions in the third quarter valued at about $44,000. Finally, GAMMA Investing LLC grew its position in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company's stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 0.6 %

Shares of NYSE J traded up $0.85 during midday trading on Friday, reaching $139.18. 658,557 shares of the company's stock were exchanged, compared to its average volume of 601,541. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a 52-week low of $108.64 and a 52-week high of $150.54. The business's fifty day moving average price is $136.91 and its two-hundred day moving average price is $141.46. The stock has a market capitalization of $17.26 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last released its 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). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the previous year, the firm posted $1.90 EPS. Jacobs Solutions's revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on J shares. Raymond James raised Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price objective on the stock in a research note 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 boosted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Robert W. Baird lifted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Six equities research 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, the company currently has an average rating of "Moderate Buy" and an average price target of $156.11.

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.