Strs Ohio Boosts Stock Position in Jacobs Solutions Inc. $J

Strs Ohio lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 16.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,964 shares of the company’s stock after purchasing an additional 2,539 shares during the period. Strs Ohio’s holdings in Jacobs Solutions were worth $2,361,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd lifted its holdings in Jacobs Solutions by 17.1% in the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock worth $335,095,000 after buying an additional 372,275 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Jacobs Solutions by 1.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock worth $326,181,000 after buying an additional 32,043 shares during the period. Invesco Ltd. lifted its holdings in Jacobs Solutions by 5.3% in the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock worth $259,560,000 after buying an additional 108,366 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company’s stock worth $94,635,000 after buying an additional 4,931 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Jacobs Solutions by 0.4% in the first quarter. AQR Capital Management LLC now owns 763,552 shares of the company’s stock worth $91,687,000 after buying an additional 3,250 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

J has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Barclays raised their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. KeyCorp raised their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, Citigroup raised their target price on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $162.00.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $154.13 on Tuesday. The company has a market capitalization of $18.42 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 1.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a 50 day simple moving average of $151.83 and a two-hundred day simple moving average of $139.33. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm’s quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share. Analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal 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.