Park Avenue Securities LLC Increases Position in Jacobs Solutions Inc. (NYSE:J)

Park Avenue Securities LLC boosted its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,691 shares of the company’s stock after purchasing an additional 160 shares during the period. Park Avenue Securities LLC’s holdings in Jacobs Solutions were worth $760,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of J. Sessa Capital IM L.P. acquired a new position in Jacobs Solutions during the 3rd quarter worth $46,168,000. Soros Fund Management LLC increased its stake in Jacobs Solutions by 34.3% during the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after buying an additional 127,874 shares during the period. Thrivent Financial for Lutherans increased its stake in Jacobs Solutions by 28.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock valued at $70,296,000 after buying an additional 117,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Jacobs Solutions by 19.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after purchasing an additional 107,849 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Jacobs Solutions by 24.9% in the 2nd quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock worth $70,912,000 after purchasing an additional 101,043 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on J shares. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Robert W. Baird boosted their target price 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. Finally, Truist Financial boosted their target price 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $156.11.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $141.26 on Wednesday. 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 Inc. has a 1 year low of $110.39 and a 1 year high of $150.54. The company has a market cap of $17.52 billion, a PE ratio of 22.32, a PEG ratio of 2.10 and a beta of 0.72. The company’s 50-day moving average is $136.76 and its two-hundred day moving average is $141.51.

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