Jacobs Solutions Inc. (NYSE:J) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its stake in Jacobs Solutions Inc. (NYSE:J) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,379 shares of the company’s stock after selling 99 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Jacobs Solutions were worth $5,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. grew its position in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. Quarry LP boosted its holdings in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions during the third quarter worth $42,000. True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the third quarter worth about $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.5 %

Shares of Jacobs Solutions stock traded up $2.01 during trading on Monday, hitting $134.36. 506,819 shares of the stock traded hands, compared to its average volume of 611,467. The firm has a market cap of $16.66 billion, a P/E ratio of 21.23, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The stock’s fifty day simple moving average is $137.66 and its 200 day simple moving average is $141.58. 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 52-week low of $108.19 and a 52-week high of $150.54.

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 net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on J. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Benchmark lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Truist Financial increased their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Six 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, Jacobs Solutions 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.