Boston Common Asset Management LLC Makes New $3.98 Million Investment in Jacobs Solutions Inc. (NYSE:J)

Boston Common Asset Management LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 29,757 shares of the company’s stock, valued at approximately $3,976,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in J. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after acquiring an additional 74 shares during the period. Quarry LP grew its holdings in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after acquiring an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $42,000. True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC grew its holdings in shares of Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Trading Up 0.6 %

Shares of Jacobs Solutions stock opened at $139.18 on Friday. Jacobs Solutions Inc. has a fifty-two week low of $108.64 and a fifty-two week high of $150.54. The firm has a market cap of $17.26 billion, a PE ratio of 21.99, a P/E/G ratio of 2.00 and a beta of 0.72. The business’s fifty day moving average is $137.06 and its two-hundred day moving average is $141.45. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company earned $1.90 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Analyst Ratings Changes

J has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird increased their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.11.

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.