New England Research & Management Inc. decreased its holdings in Jacobs Solutions Inc. (NYSE:J - Free Report) by 90.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,550 shares of the company's stock after selling 14,357 shares during the period. New England Research & Management Inc.'s holdings in Jacobs Solutions were worth $207,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Strategic Blueprint LLC raised its holdings in shares of Jacobs Solutions by 14.5% during the 4th quarter. Strategic Blueprint LLC now owns 3,390 shares of the company's stock valued at $453,000 after buying an additional 430 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Jacobs Solutions by 39.4% during the fourth quarter. Hantz Financial Services Inc. now owns 8,562 shares of the company's stock worth $1,144,000 after purchasing an additional 2,422 shares in the last quarter. McKinley Carter Wealth Services Inc. lifted its position in shares of Jacobs Solutions by 4.4% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 57,088 shares of the company's stock worth $7,628,000 after purchasing an additional 2,419 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Jacobs Solutions by 75.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 72,865 shares of the company's stock valued at $9,736,000 after purchasing an additional 31,422 shares during the period. Finally, Perigon Wealth Management LLC grew its holdings in Jacobs Solutions by 75.4% during the 4th quarter. Perigon Wealth Management LLC now owns 4,358 shares of the company's stock valued at $603,000 after purchasing an additional 1,873 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.
Jacobs Solutions Stock Performance
NYSE J traded up $2.91 during trading hours on Thursday, reaching $140.17. The company's stock had a trading volume of 445,844 shares, compared to its average volume of 621,210. The stock has a market cap of $17.38 billion, a PE ratio of 22.14, a PEG ratio of 2.14 and a beta of 0.72. The business has a 50-day simple moving average of $136.65 and a 200 day simple moving average of $141.52. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week 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.
Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.90 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on J. Royal Bank of Canada reissued an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Truist Financial raised their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research report on Thursday, December 19th. Raymond James upgraded shares of 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. Finally, Robert W. Baird increased their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $156.00.
Check Out Our Latest Analysis on Jacobs Solutions
Jacobs Solutions Profile
(
Free Report)
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.
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