Eastern Bank Has $13.57 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Eastern Bank decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,568 shares of the company’s stock after selling 1,559 shares during the quarter. Eastern Bank owned approximately 0.08% of Jacobs Solutions worth $13,572,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Jacobs Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock worth $410,444,000 after purchasing an additional 73,566 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after purchasing an additional 127,605 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of Jacobs Solutions by 3.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after purchasing an additional 32,650 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after purchasing an additional 14,405 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $1.61 during trading on Monday, reaching $133.96. 327,991 shares of the stock traded hands, compared to its average volume of 584,166. Jacobs Solutions Inc. has a 52-week low of $108.19 and a 52-week high of $150.54. 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 company has a 50-day moving average of $137.66 and a 200-day moving average of $141.58. The stock has a market capitalization of $16.61 billion, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results 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 firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company earned $1.90 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on J shares. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Citigroup cut 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.