Blue Trust Inc. Boosts Stake in Jacobs Solutions Inc. (NYSE:J)

Blue Trust Inc. lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 812.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,585 shares of the company’s stock after purchasing an additional 4,973 shares during the quarter. Blue Trust Inc.’s holdings in Jacobs Solutions were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Running Oak Capital LLC boosted its stake in shares of Jacobs Solutions by 10.2% in the fourth quarter. Running Oak Capital LLC now owns 103,046 shares of the company’s stock worth $13,769,000 after acquiring an additional 9,561 shares during the period. Compass Wealth Management LLC raised its position in shares of Jacobs Solutions by 7.6% during the fourth quarter. Compass Wealth Management LLC now owns 26,837 shares of the company’s stock valued at $3,586,000 after buying an additional 1,900 shares during the last quarter. Toth Financial Advisory Corp lifted its holdings in shares of Jacobs Solutions by 1.8% in the fourth quarter. Toth Financial Advisory Corp now owns 49,964 shares of the company’s stock worth $6,676,000 after buying an additional 896 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Jacobs Solutions by 157.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 17,299 shares of the company’s stock worth $2,311,000 after acquiring an additional 10,592 shares during the last quarter. Finally, Sound Income Strategies LLC grew its stake in Jacobs Solutions by 16.8% during the fourth quarter. Sound Income Strategies LLC now owns 988 shares of the company’s stock valued at $132,000 after acquiring an additional 142 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Truist Financial increased their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Finally, Citigroup decreased their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday. 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $137.43 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market capitalization of $17.04 billion, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The company’s 50-day moving average is $136.55 and its 200 day moving average 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 the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current 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.