Grove Bank & Trust Acquires 180 Shares of Jacobs Solutions Inc. (NYSE:J)

Grove Bank & Trust raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 57.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 491 shares of the company’s stock after acquiring an additional 180 shares during the period. Grove Bank & Trust’s holdings in Jacobs Solutions were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after buying an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. acquired a new position in Jacobs Solutions in the 3rd quarter worth $46,168,000. Soros Fund Management LLC boosted its stake in Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after purchasing an additional 127,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jacobs Solutions by 19.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after purchasing an additional 107,849 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Jacobs Solutions by 24.9% in the 2nd quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock worth $70,912,000 after purchasing an additional 101,043 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on J shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird increased their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Raymond James upgraded 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. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial raised their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.11.

Jacobs Solutions Stock Up 0.6 %

Jacobs Solutions stock opened at $139.18 on Tuesday. The stock has a market cap of $17.26 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.00 and a beta of 0.72. 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 Inc. has a twelve month low of $108.64 and a twelve month high of $150.54. The company’s 50-day moving average price is $136.91 and its two-hundred day moving average price is $141.51.

Jacobs Solutions (NYSE:J) last announced its earnings results 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 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 the consensus estimate of $4.50 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts expect 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.