Geode Capital Management LLC Lowers Position in Jacobs Solutions Inc. $J

Geode Capital Management LLC decreased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,174,867 shares of the company’s stock after selling 1,050 shares during the period. Geode Capital Management LLC owned about 2.66% of Jacobs Solutions worth $415,611,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of J. Ninety One UK Ltd raised 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 valued at $335,095,000 after buying an additional 372,275 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Jacobs Solutions in the first quarter valued at about $43,251,000. Jefferies Financial Group Inc. purchased a new stake in shares of Jacobs Solutions in the first quarter valued at about $17,570,000. Alliancebernstein L.P. lifted its position in shares of Jacobs Solutions by 73.6% during the first quarter. Alliancebernstein L.P. now owns 265,705 shares of the company’s stock valued at $32,121,000 after purchasing an additional 112,642 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Jacobs Solutions by 5.3% during the first 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 last quarter. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Jacobs Solutions in a research report on Friday. They issued an “equal weight” rating and a $160.00 price objective for the company. UBS Group upped their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Barclays increased their price target on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. KeyCorp boosted their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Truist Financial raised their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $161.78.

Jacobs Solutions Stock Performance

NYSE:J opened at $154.56 on Friday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The business has a fifty day simple moving average of $153.31 and a two-hundred day simple moving average of $141.35. The company has a market capitalization of $18.48 billion, a P/E ratio of 38.54, a P/E/G ratio of 1.87 and a beta of 0.83.

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.