Assenagon Asset Management S.A. Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Assenagon Asset Management S.A. boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,002 shares of the company’s stock after buying an additional 316 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Jacobs Solutions were worth $802,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares during the last quarter. Empirical Finance LLC boosted its stake in Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after acquiring an additional 82 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after purchasing an additional 86 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Jacobs Solutions by 6.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after purchasing an additional 100 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its position in shares of Jacobs Solutions by 0.4% in the 3rd quarter. United Asset Strategies Inc. now owns 28,774 shares of the company’s stock worth $3,767,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $140.82 on Friday. 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 Inc. has a 1 year low of $110.95 and a 1 year high of $150.54. The firm has a market capitalization of $17.46 billion, a PE ratio of 22.25, a P/E/G ratio of 2.14 and a beta of 0.72. The business’s 50 day moving average price is $136.51 and its 200-day moving average price is $141.55.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on J. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. StockNews.com initiated coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial boosted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $156.11.

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.