Occidental Asset Management LLC Buys 2,619 Shares of Jacobs Solutions Inc. (NYSE:J)

Occidental Asset Management LLC lifted its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,045 shares of the company's stock after acquiring an additional 2,619 shares during the period. Occidental Asset Management LLC's holdings in Jacobs Solutions were worth $3,347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its holdings 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 during the last quarter. Sessa Capital IM L.P. purchased a new position in Jacobs Solutions in the third quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Jacobs Solutions by 6.1% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company's stock worth $464,736,000 after acquiring an additional 192,166 shares during the period. Soros Fund Management LLC boosted its position in Jacobs Solutions by 34.3% during the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company's stock worth $65,569,000 after purchasing an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake 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 valued at $169,366,000 after buying an additional 127,605 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Raymond James raised shares of Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Robert W. Baird raised their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Royal Bank of Canada reissued an "outperform" rating and set a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, Citigroup decreased their target price 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. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $156.11.

Jacobs Solutions Price Performance

Shares of J traded up $0.78 during midday trading on Friday, reaching $139.11. The stock had a trading volume of 369,505 shares, compared to its average volume of 569,761. Jacobs Solutions Inc. has a 12-month low of $108.64 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company's 50-day moving average is $137.06 and its 200 day moving average is $141.45. The company has a market capitalization of $17.25 billion, a price-to-earnings 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 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). The company had revenue of $2.96 billion during the quarter, compared to analysts' expectations 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 firm posted $1.90 EPS. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

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.