Jacobs Solutions Inc. (NYSE:J) Position Lessened by CX Institutional

CX Institutional decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 11.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,062 shares of the company’s stock after selling 953 shares during the period. CX Institutional’s holdings in Jacobs Solutions were worth $944,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in J. ProShare Advisors LLC raised its stake in Jacobs Solutions by 7.9% during the 2nd quarter. ProShare Advisors LLC now owns 18,427 shares of the company’s stock valued at $2,574,000 after acquiring an additional 1,342 shares in the last quarter. Gabelli Funds LLC raised its stake in 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 acquiring an additional 100 shares in the last quarter. Public Sector Pension Investment Board raised its stake in Jacobs Solutions by 66.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,705 shares of the company’s stock valued at $657,000 after acquiring an additional 1,878 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Jacobs Solutions by 59.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,065 shares of the company’s stock valued at $3,362,000 after acquiring an additional 8,984 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Jacobs Solutions by 24.9% during the 2nd quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock valued at $70,912,000 after acquiring an additional 101,043 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $140.82 on Friday. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.14 and a beta of 0.72. The stock’s fifty day simple moving average is $136.53 and its 200-day simple moving average is $141.57.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the firm posted $1.90 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, sell-side 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 analysts have recently commented on J shares. Truist Financial boosted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Citigroup dropped their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird boosted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, 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 research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $156.11.

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.