Bryn Mawr Trust Advisors LLC Acquires 5,948 Shares of Jacobs Solutions Inc. $J

Bryn Mawr Trust Advisors LLC grew its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,824 shares of the company’s stock after acquiring an additional 5,948 shares during the quarter. Bryn Mawr Trust Advisors LLC owned about 0.06% of Jacobs Solutions worth $8,784,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ingalls & Snyder LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $558,000. FORA Capital LLC bought a new position in Jacobs Solutions in the first quarter valued at $1,986,000. Focus Partners Advisor Solutions LLC raised its position in Jacobs Solutions by 90.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares in the last quarter. Bank of Nova Scotia lifted its stake in Jacobs Solutions by 15.2% during the first quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock worth $15,702,000 after purchasing an additional 17,120 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in Jacobs Solutions by 66.2% during the first quarter. Citigroup Inc. now owns 122,363 shares of the company’s stock worth $14,792,000 after purchasing an additional 48,755 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on J shares. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Citigroup boosted their price objective on shares of Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Truist Financial increased their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Jacobs Solutions Stock Performance

NYSE:J opened at $153.49 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44. The firm has a market cap of $18.35 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The business has a 50 day moving average price of $152.23 and a 200-day moving average price of $139.80.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm’s revenue was down 28.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 EPS. Equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

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.