8,705 Shares in Jacobs Solutions Inc. (NYSE:J) Bought by Fiduciary Alliance LLC

Fiduciary Alliance LLC bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 8,705 shares of the company’s stock, valued at approximately $1,163,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC increased its position 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 valued at $464,736,000 after purchasing an additional 192,166 shares during the period. Geode Capital Management LLC increased its holdings in Jacobs Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after buying an additional 73,566 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after buying an additional 127,605 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after acquiring an additional 32,650 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after acquiring an additional 14,405 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

J has been the subject of a number of analyst reports. Citigroup cut their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. 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 report on Thursday, December 19th. Finally, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $156.11.

Jacobs Solutions Stock Up 1.5 %

Shares of NYSE:J opened at $134.36 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market cap of $16.66 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $108.19 and a 12 month high of $150.54. The company’s 50-day moving average price is $137.55 and its two-hundred day moving average price is $141.55.

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 company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the business earned $1.90 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Company 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.