Strs Ohio Purchases 2,539 Shares of Jacobs Solutions Inc. $J

Strs Ohio lifted its position in shares of Jacobs Solutions Inc. (NYSE:J) by 16.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,964 shares of the company’s stock after acquiring 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 filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Ninety One UK Ltd grew its position in Jacobs Solutions by 17.1% in the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock worth $335,095,000 after purchasing an additional 372,275 shares during the period. Allspring Global Investments Holdings LLC grew its position in Jacobs Solutions by 1.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock worth $326,181,000 after purchasing an additional 32,043 shares during the period. Invesco Ltd. grew its position in Jacobs Solutions by 5.3% in the 1st quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock worth $259,560,000 after purchasing an additional 108,366 shares during the period. Charles Schwab Investment Management Inc. grew its position in Jacobs Solutions by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company’s stock worth $94,635,000 after purchasing an additional 4,931 shares during the period. Finally, AQR Capital Management LLC grew its position in Jacobs Solutions by 0.4% in the 1st quarter. AQR Capital Management LLC now owns 763,552 shares of the company’s stock worth $91,687,000 after purchasing an additional 3,250 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 1.1%

J opened at $154.13 on Tuesday. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth 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 firm’s fifty day moving average is $151.83 and its 200 day moving average is $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 issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. On average, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on J. KeyCorp lifted their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Barclays lifted their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Truist Financial lifted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

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.