Jacobs Solutions Inc. (NYSE:J) Shares Bought by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. grew its stake in Jacobs Solutions Inc. (NYSE:J) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 57,088 shares of the company’s stock after purchasing an additional 2,419 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Jacobs Solutions were worth $7,628,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of J. Sessa Capital IM L.P. acquired a new position in Jacobs Solutions in the third quarter valued at approximately $46,168,000. Soros Fund Management LLC lifted its stake in shares of Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after purchasing an additional 127,874 shares during the period. Thrivent Financial for Lutherans boosted its holdings in 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 buying an additional 117,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in 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 buying an additional 107,849 shares during the period. Finally, Mizuho Securities USA LLC increased its holdings in Jacobs Solutions by 978.5% in the third quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company’s stock valued at $13,627,000 after buying an additional 94,448 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

J opened at $137.59 on Wednesday. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. The firm has a market capitalization of $17.06 billion, a PE ratio of 21.74, a PEG ratio of 2.14 and a beta of 0.72. 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 firm’s 50-day moving average price is $136.55 and its 200 day moving average price is $141.55.

Jacobs Solutions (NYSE:J) last posted 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). 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 analysts’ expectations of $4.50 billion. During the same quarter last year, the company earned $1.90 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Robert W. Baird increased their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Raymond James raised shares of 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. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.