Versant Capital Management Inc Raises Stock Position in Jacobs Solutions Inc. (NYSE:J)

Versant Capital Management Inc grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 536.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 547 shares of the company’s stock after acquiring an additional 461 shares during the quarter. Versant Capital Management Inc’s holdings in Jacobs Solutions were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of J. First Horizon Advisors Inc. increased its position in 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 acquiring an additional 74 shares during the last quarter. Quarry LP increased its position in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $42,000. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the third quarter worth approximately $44,000. Finally, GAMMA Investing LLC grew 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 buying an additional 145 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Up 0.6 %

J opened at $133.80 on Monday. The company has a fifty day moving average of $138.51 and a two-hundred day moving average of $141.86. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. Jacobs Solutions Inc. has a fifty-two week low of $104.90 and a fifty-two week high of $150.54. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 2.07 and a beta of 0.72.

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 analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm 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 firm earned $1.90 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Analysts Set New Price Targets

J has been the subject of a number of recent research reports. Citigroup cut their price objective 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. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Truist Financial lifted their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Jacobs Solutions has a consensus rating of “Hold” and an average price target 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.