Cerro Pacific Wealth Advisors LLC Makes New Investment in Jacobs Solutions Inc. (NYSE:J)

Cerro Pacific Wealth Advisors LLC acquired a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,615 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds have also modified their holdings of the company. Dakota Wealth Management raised its stake in Jacobs Solutions by 5.4% during the 4th quarter. Dakota Wealth Management now owns 2,421 shares of the company’s stock valued at $323,000 after acquiring an additional 125 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Jacobs Solutions by 0.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 36,106 shares of the company’s stock worth $4,824,000 after purchasing an additional 319 shares during the last quarter. Simon Quick Advisors LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $216,000. Red Spruce Capital LLC grew its position in Jacobs Solutions by 7.9% in the 4th quarter. Red Spruce Capital LLC now owns 19,115 shares of the company’s stock valued at $2,554,000 after buying an additional 1,400 shares during the last quarter. Finally, Grove Bank & Trust grew its position in Jacobs Solutions by 57.9% in the 4th quarter. Grove Bank & Trust now owns 491 shares of the company’s stock valued at $66,000 after buying an additional 180 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of J opened at $141.63 on Friday. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The stock has a market cap of $17.57 billion, a P/E ratio of 22.38, a PEG ratio of 2.14 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $136.49 and a two-hundred day moving average of $141.55.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (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 analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.90 earnings per share. As a group, research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on J shares. Robert W. Baird lifted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. StockNews.com started coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a report on Friday, October 4th. Finally, Truist Financial raised 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. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average 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.