Jacobs Solutions Inc. (NYSE:J) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,574 shares of the company's stock after purchasing an additional 5,959 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Jacobs Solutions worth $19,056,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in Jacobs Solutions by 5,170.1% during the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company's stock worth $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in Jacobs Solutions by 6.1% in the 2nd 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 during the period. Soros Fund Management LLC grew its stake in Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock valued at $65,569,000 after acquiring an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings 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 worth $169,366,000 after acquiring an additional 127,605 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.9 %

Shares of J traded down $1.17 during midday trading on Friday, reaching $135.07. The company had a trading volume of 417,461 shares, compared to its average volume of 864,318. The firm has a 50 day simple moving average of $139.34 and a 200-day simple moving average of $142.06. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market cap of $16.75 billion, a PE ratio of 21.34, a price-to-earnings-growth ratio of 2.07 and a beta of 0.70. Jacobs Solutions Inc. has a 1-year low of $104.90 and a 1-year high of $150.54.

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

Wall Street Analyst Weigh In

J has been the topic of several research analyst reports. Truist Financial lifted their target price 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. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a "hold" rating for the company. Seven 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, Jacobs Solutions presently has a consensus rating of "Hold" and an average target price 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.