United Asset Strategies Inc. Increases Stake in Jacobs Solutions Inc. (NYSE:J)

United Asset Strategies Inc. raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,502 shares of the company’s stock after purchasing an additional 5,728 shares during the quarter. United Asset Strategies Inc.’s holdings in Jacobs Solutions were worth $4,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in J. First Horizon Advisors Inc. raised its stake in shares of 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 purchasing an additional 74 shares during the period. Quarry LP increased its position in shares of Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions in the third quarter worth about $42,000. True Wealth Design LLC purchased a new stake in shares of Jacobs Solutions in the third quarter worth about $44,000. Finally, GAMMA Investing LLC boosted its position in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after acquiring an additional 145 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 0.5 %

Shares of NYSE J opened at $140.82 on Monday. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. 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 has a fifty day simple moving average of $136.53 and a two-hundred day simple moving average of $141.63. The firm has a market capitalization of $17.46 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.14 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 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 earnings per share. Equities analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on J shares. Robert W. Baird upped their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Truist Financial upped their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. StockNews.com began coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating on the stock. Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.11.

About Jacobs Solutions

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.