New England Research & Management Inc. Trims Stock Position in Jacobs Solutions Inc. (NYSE:J)

New England Research & Management Inc. cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 90.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,550 shares of the company’s stock after selling 14,357 shares during the period. New England Research & Management Inc.’s holdings in Jacobs Solutions were worth $207,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its stake in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP raised its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $42,000. True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions in the 3rd quarter valued at approximately $44,000. Finally, GAMMA Investing LLC raised its stake in shares of Jacobs Solutions by 55.8% in 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 period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 0.0 %

NYSE J opened at $137.43 on Thursday. 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 $110.95 and a 52 week high of $150.54. The stock has a market capitalization of $17.04 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. The firm has a 50 day moving average of $136.55 and a two-hundred day moving average of $141.55.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS 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 firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter last year, the firm earned $1.90 EPS. The company’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analyst Ratings Changes

J has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup cut their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday. Truist Financial upped their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.