Fulton Bank N.A. Acquires 386 Shares of Jacobs Solutions Inc. (NYSE:J)

Fulton Bank N.A. raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,154 shares of the company’s stock after purchasing an additional 386 shares during the period. Fulton Bank N.A.’s holdings in Jacobs Solutions were worth $1,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in shares of 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 buying an additional 74 shares during the last quarter. Quarry LP lifted its stake in 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 acquiring an additional 233 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions during the 3rd quarter worth $42,000. True Wealth Design LLC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth $44,000. Finally, GAMMA Investing LLC raised its holdings in shares of Jacobs Solutions by 55.8% in the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Up 0.9 %

Shares of Jacobs Solutions stock opened at $133.10 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market capitalization of $16.51 billion, a P/E ratio of 21.03, a P/E/G ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 52-week low of $106.10 and a 52-week high of $150.54. The stock’s 50-day simple moving average is $137.96 and its 200 day simple moving average is $141.68.

Jacobs Solutions (NYSE:J) last posted 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 the consensus estimate of $4.50 billion. During the same period last year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

J has been the topic of several analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Citigroup cut their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Hold” and an average 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.