Campbell Newman Asset Management Inc. Boosts Position in Jacobs Solutions Inc. (NYSE:J)

Campbell Newman Asset Management Inc. boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 30.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,856 shares of the company's stock after purchasing an additional 59,704 shares during the period. Jacobs Solutions comprises about 2.7% of Campbell Newman Asset Management Inc.'s investment portfolio, making the stock its 13th biggest position. Campbell Newman Asset Management Inc. owned approximately 0.20% of Jacobs Solutions worth $33,787,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its holdings in Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock worth $58,550,000 after buying an additional 411,123 shares during the period. Sessa Capital IM L.P. bought a new stake in Jacobs Solutions during the third quarter valued at about $46,168,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock valued at $464,736,000 after acquiring an additional 192,166 shares in the last quarter. Soros Fund Management LLC boosted its stake in shares of Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock worth $65,569,000 after acquiring an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company's stock worth $169,366,000 after purchasing an additional 127,605 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.7 %

Shares of NYSE J traded up $0.99 during trading hours on Wednesday, hitting $136.14. 527,404 shares of the company traded hands, compared to its average volume of 589,229. The company's 50 day moving average price is $137.42 and its 200 day moving average price is $141.52. Jacobs Solutions Inc. has a 12 month low of $108.19 and a 12 month high of $150.54. The stock has a market capitalization of $16.88 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly earnings data 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 return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion for the quarter, compared to analysts' expectations of $4.50 billion. During the same period in the previous year, the firm earned $1.90 earnings per share. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating on the stock. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Royal Bank of Canada restated an "outperform" rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Citigroup reduced their price objective 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. Finally, Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently 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.