Boston Common Asset Management LLC Buys Shares of 29,757 Jacobs Solutions Inc. (NYSE:J)

Boston Common Asset Management LLC bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 29,757 shares of the company’s stock, valued at approximately $3,976,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Occidental Asset Management LLC raised its position in Jacobs Solutions by 11.7% in the fourth quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock valued at $3,347,000 after purchasing an additional 2,619 shares during the period. Heritage Family Offices LLP raised its position in Jacobs Solutions by 55.7% in the fourth quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock valued at $1,993,000 after purchasing an additional 5,332 shares during the period. Essex Savings Bank purchased a new stake in Jacobs Solutions in the fourth quarter valued at $204,000. Pinnacle Bancorp Inc. grew its stake in shares of Jacobs Solutions by 11.1% in the fourth quarter. Pinnacle Bancorp Inc. now owns 3,009 shares of the company’s stock valued at $402,000 after buying an additional 300 shares in the last quarter. Finally, Campbell Newman Asset Management Inc. grew its stake in shares of Jacobs Solutions by 30.9% in the fourth 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. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 0.6 %

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 company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $17.26 billion, a P/E ratio of 21.99, a PEG ratio of 2.00 and a beta of 0.72. The stock has a 50-day simple moving average of $137.06 and a 200-day simple moving average of $141.45.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.90 earnings per share. Equities research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on J shares. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Citigroup lowered their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, StockNews.com initiated coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.11.

Jacobs Solutions 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.