Baron Wealth Management LLC Buys New Shares in Jacobs Solutions Inc. (NYSE:J)

Baron Wealth Management LLC purchased a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, Holdings Channel reports. The fund purchased 1,686 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Public Sector Pension Investment Board boosted its position in Jacobs Solutions by 66.4% during the second quarter. Public Sector Pension Investment Board now owns 4,705 shares of the company’s stock worth $657,000 after purchasing an additional 1,878 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Jacobs Solutions by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 81,036 shares of the company’s stock worth $11,322,000 after buying an additional 878 shares during the last quarter. Creative Planning boosted its stake in shares of Jacobs Solutions by 2.1% in the 2nd quarter. Creative Planning now owns 31,752 shares of the company’s stock valued at $4,436,000 after purchasing an additional 643 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Jacobs Solutions by 218.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock worth $2,521,000 after buying an additional 12,381 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its stake in shares of Jacobs Solutions by 43.2% in the second quarter. EP Wealth Advisors LLC now owns 2,075 shares of the company’s stock valued at $290,000 after buying an additional 626 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on J shares. Citigroup reduced their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Raymond James upgraded 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 research report on Friday, October 4th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $137.43 on Thursday. The firm has a market cap of $17.04 billion, a P/E ratio of 21.71, a PEG ratio of 2.14 and a beta of 0.72. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54. 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 company has a 50 day moving average of $136.55 and a 200 day moving average of $141.55.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the business earned $1.90 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

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.