JPMorgan Chase & Co. Has $56.78 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

JPMorgan Chase & Co. boosted its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 12.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 433,748 shares of the company’s stock after buying an additional 47,211 shares during the period. JPMorgan Chase & Co.’s holdings in Jacobs Solutions were worth $56,778,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of J. Principal Financial Group Inc. increased its holdings in shares of Jacobs Solutions by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock valued at $19,056,000 after purchasing an additional 5,959 shares during the period. Inspire Trust Co. N.A. increased its stake in Jacobs Solutions by 28.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 8,980 shares of the company’s stock valued at $1,175,000 after buying an additional 2,000 shares during the period. Synovus Financial Corp lifted its position in Jacobs Solutions by 7.3% in the 3rd quarter. Synovus Financial Corp now owns 5,117 shares of the company’s stock worth $670,000 after buying an additional 350 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Jacobs Solutions by 3.5% during the 3rd quarter. Tidal Investments LLC now owns 24,440 shares of the company’s stock valued at $3,199,000 after buying an additional 829 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at $3,205,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

NYSE:J opened at $133.80 on Friday. The firm has a market capitalization of $16.59 billion, a PE ratio of 21.14, a PEG ratio of 2.07 and a beta of 0.70. Jacobs Solutions Inc. has a 1 year low of $104.90 and a 1 year high of $150.54. 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 firm’s fifty day simple moving average is $138.51 and its 200 day simple moving average is $141.85.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results 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 business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on J. Citigroup cut their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Hold” and a consensus price target 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.