Jacobs Solutions Inc. (NYSE:J) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in Jacobs Solutions Inc. (NYSE:J) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 433,748 shares of the company’s stock after acquiring an additional 47,211 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of Jacobs Solutions worth $56,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Jacobs Solutions by 4.3% in the third quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock worth $19,056,000 after acquiring an additional 5,959 shares during the last quarter. Inspire Trust Co. N.A. lifted its holdings in shares of Jacobs Solutions by 28.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 8,980 shares of the company’s stock worth $1,175,000 after purchasing an additional 2,000 shares during the last quarter. Synovus Financial Corp boosted its position in Jacobs Solutions by 7.3% during the 3rd quarter. Synovus Financial Corp now owns 5,117 shares of the company’s stock valued at $670,000 after purchasing an additional 350 shares during the period. Tidal Investments LLC boosted its position in Jacobs Solutions by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company’s stock valued at $3,199,000 after purchasing an additional 829 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Jacobs Solutions during the 3rd quarter worth $3,205,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on J shares. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial increased their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $156.11.

Jacobs Solutions Stock Up 0.6 %

NYSE J opened at $133.80 on Friday. Jacobs Solutions Inc. has a 12 month low of $104.90 and a 12 month high of $150.54. The company has a market capitalization of $16.59 billion, a P/E ratio of 21.14, a PEG ratio of 2.07 and a beta of 0.70. The company’s 50 day simple moving average is $138.51 and its 200 day simple moving average is $141.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 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%. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $1.90 EPS. Equities research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

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.