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

CGN Advisors LLC cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,418 shares of the company’s stock after selling 283 shares during the quarter. CGN Advisors LLC’s holdings in Jacobs Solutions were worth $2,060,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heritage Family Offices LLP boosted its stake in shares of Jacobs Solutions by 55.7% in the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after buying an additional 5,332 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Jacobs Solutions by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after acquiring an additional 47,211 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Jacobs Solutions in the 3rd quarter worth approximately $3,205,000. Sei Investments Co. grew its stake in shares of Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after purchasing an additional 66,002 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at approximately $1,756,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on J shares. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup dropped their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. Finally, StockNews.com began coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.11.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $139.18 on Friday. The company has a fifty day simple moving average of $136.91 and a 200-day simple moving average of $141.46. The firm has a market capitalization of $17.26 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.00 and a beta of 0.72. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 52-week low of $108.64 and a 52-week high of $150.54.

Jacobs Solutions (NYSE:J) last released 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the company posted $1.90 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS 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.