Advisors Management Group Inc. ADV Sells 88 Shares of Jacobs Solutions Inc. (NYSE:J)

Advisors Management Group Inc. ADV lowered its position in Jacobs Solutions Inc. (NYSE:JFree Report) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,854 shares of the company’s stock after selling 88 shares during the period. Advisors Management Group Inc. ADV’s holdings in Jacobs Solutions were worth $916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Campbell Newman Asset Management Inc. boosted its holdings in shares of Jacobs Solutions by 30.9% in the 4th quarter. Campbell Newman Asset Management Inc. now owns 252,856 shares of the company’s stock valued at $33,787,000 after buying an additional 59,704 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Jacobs Solutions by 10.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after acquiring an additional 92 shares during the period. Park Avenue Securities LLC lifted its holdings in Jacobs Solutions by 2.9% in the fourth quarter. Park Avenue Securities LLC now owns 5,691 shares of the company’s stock valued at $760,000 after acquiring an additional 160 shares during the period. Assenagon Asset Management S.A. grew its position in Jacobs Solutions by 5.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 6,002 shares of the company’s stock valued at $802,000 after buying an additional 316 shares during the period. Finally, Tlwm raised its holdings in Jacobs Solutions by 2.8% in the 4th quarter. Tlwm now owns 6,120 shares of the company’s stock worth $818,000 after purchasing an additional 169 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $136.14 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The business’s 50-day simple moving average is $137.42 and its 200 day simple moving average is $141.52. The company has a market cap of $16.88 billion, a P/E ratio of 21.51, a PEG ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a one year low of $108.19 and a one year high of $150.54.

Jacobs Solutions (NYSE:JGet Free Report) last issued its 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). The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the company posted $1.90 earnings per share. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on J. Truist Financial raised their target price on 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 upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average target price of $156.11.

View Our Latest Stock Analysis on J

Jacobs Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Jacobs Solutions (NYSE:J)

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