GAMMA Investing LLC Grows Position in Jacobs Solutions Inc. (NYSE:J)

GAMMA Investing LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 196.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,200 shares of the company’s stock after acquiring an additional 795 shares during the quarter. GAMMA Investing LLC’s holdings in Jacobs Solutions were worth $160,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Jacobs Solutions during the third quarter worth about $3,205,000. JPMorgan Chase & Co. raised its holdings in shares of Jacobs Solutions by 12.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after buying an additional 47,211 shares in the last quarter. Sei Investments Co. boosted its stake in Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after buying an additional 66,002 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Jacobs Solutions in the third quarter worth approximately $1,756,000. Finally, Aigen Investment Management LP bought a new position in Jacobs Solutions during the third quarter valued at approximately $709,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.9 %

Shares of Jacobs Solutions stock opened at $133.10 on Thursday. The company has a 50-day simple moving average of $137.96 and a two-hundred day simple moving average of $141.68. The stock has a market capitalization of $16.51 billion, a PE ratio of 21.03, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $106.10 and a 52-week high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on J. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird raised their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup lowered their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.