United Asset Strategies Inc. Purchases 5,728 Shares of Jacobs Solutions Inc. (NYSE:J)

United Asset Strategies Inc. increased its position in Jacobs Solutions Inc. (NYSE:J) by 19.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 34,502 shares of the company’s stock after purchasing an additional 5,728 shares during the period. United Asset Strategies Inc.’s holdings in Jacobs Solutions were worth $4,610,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Quarry LP grew its position in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the 3rd quarter valued at $42,000. True Wealth Design LLC bought a new stake in shares of Jacobs Solutions in the third quarter worth $44,000. Finally, GAMMA Investing LLC increased its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Down 0.5 %

Shares of J opened at $140.82 on Monday. The business’s 50 day moving average is $136.53 and its 200 day moving average is $141.63. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a market capitalization of $17.46 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the previous year, the business earned $1.90 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

J has been the subject of a number of recent research reports. Citigroup cut their price target 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. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Truist Financial upped their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Finally, Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $156.11.

About Jacobs Solutions

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.