Sound Income Strategies LLC Acquires 142 Shares of Jacobs Solutions Inc. (NYSE:J)

Sound Income Strategies LLC increased its holdings in Jacobs Solutions Inc. (NYSE:JFree Report) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 988 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Sound Income Strategies LLC’s holdings in Jacobs Solutions were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake 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 buying an additional 73,566 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Jacobs Solutions by 3.2% in 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 last quarter. 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 valued at $99,552,000 after acquiring an additional 14,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Jacobs Solutions by 19.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock valued at $85,099,000 after acquiring an additional 107,849 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after purchasing an additional 117,940 shares during the period. 85.65% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on J shares. Robert W. Baird boosted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Citigroup dropped their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.11.

Get Our Latest Analysis on Jacobs Solutions

Jacobs Solutions Stock Down 0.5 %

Shares of NYSE:J opened at $140.82 on Friday. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The stock has a market capitalization of $17.46 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.14 and a beta of 0.72. The stock has a fifty day simple moving average of $136.51 and a two-hundred day simple moving average of $141.55. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:JGet Free Report) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.90 EPS. On average, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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