Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Occidental Asset Management LLC

Occidental Asset Management LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 25,045 shares of the company’s stock after purchasing an additional 2,619 shares during the period. Occidental Asset Management LLC’s holdings in Jacobs Solutions were worth $3,347,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Empirical Finance LLC lifted its position in shares of 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 boosted its stake 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 valued at $293,000 after acquiring an additional 86 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Jacobs Solutions by 10.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after purchasing an additional 92 shares in the last quarter. Finally, Gabelli Funds LLC raised its stake in Jacobs Solutions by 6.9% in 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. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on J shares. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Raymond James upgraded 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. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.11.

Jacobs Solutions Trading Up 1.5 %

NYSE:J opened at $138.24 on Friday. Jacobs Solutions Inc. has a 12 month low of $108.19 and a 12 month high of $150.54. The business’s 50-day moving average is $137.19 and its two-hundred day moving average is $141.48. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $17.14 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.00 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last announced its 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). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.90 earnings per share. Research analysts predict that Jacobs Solutions Inc. will post 6.06 earnings per share 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.