Heritage Family Offices LLP Acquires 5,332 Shares of Jacobs Solutions Inc. (NYSE:J)

Heritage Family Offices LLP boosted its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 55.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,912 shares of the company's stock after buying an additional 5,332 shares during the period. Jacobs Solutions accounts for approximately 1.0% of Heritage Family Offices LLP's holdings, making the stock its 25th biggest position. Heritage Family Offices LLP's holdings in Jacobs Solutions were worth $1,993,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. Empirical Finance LLC grew its position in shares of Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company's stock valued at $570,000 after purchasing an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company's stock valued at $293,000 after purchasing an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock valued at $128,000 after purchasing an additional 92 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Jacobs Solutions by 6.9% during the second quarter. Gabelli Funds LLC now owns 1,550 shares of the company's stock valued at $217,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on J shares. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Raymond James upgraded 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. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Citigroup dropped their price target on Jacobs Solutions from $166.00 to $161.00 and set a "buy" rating for the company in a research report on Wednesday, November 20th. Finally, Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $156.11.

Jacobs Solutions Trading Up 1.5 %

Shares of Jacobs Solutions stock traded up $2.02 on Thursday, hitting $138.24. 551,710 shares of the company traded hands, compared to its average volume of 590,981. The stock's 50 day moving average price is $137.19 and its 200-day moving average price is $141.48. 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 Inc. has a 52 week low of $108.19 and a 52 week high of $150.54. The company has a market cap of $17.15 billion, a PE ratio of 21.84, a PEG ratio of 2.00 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last posted 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). 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 in the prior year, the firm posted $1.90 EPS. The business's revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS 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.