LVW Advisors LLC Sells 354 Shares of Jacobs Solutions Inc. (NYSE:J)

LVW Advisors LLC trimmed its holdings in Jacobs Solutions Inc. (NYSE:J) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,980 shares of the company’s stock after selling 354 shares during the period. LVW Advisors LLC’s holdings in Jacobs Solutions were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in J. First Horizon Advisors Inc. lifted its position in shares of Jacobs Solutions by 44.3% during the 3rd 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 period. Empirical Finance LLC lifted its position in Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after purchasing an additional 82 shares during the period. OneDigital Investment Advisors LLC grew its stake in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after buying an additional 86 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Jacobs Solutions by 10.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after buying an additional 92 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Jacobs Solutions by 6.9% in the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of several recent analyst reports. StockNews.com started coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird raised their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial upped their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.11.

Jacobs Solutions Trading Up 0.6 %

NYSE J opened at $139.18 on Tuesday. The firm has a market capitalization of $17.26 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.72. The business’s 50-day moving average price is $136.91 and its two-hundred day moving average price is $141.51. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 12 month low of $108.64 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.90 earnings per share. On average, analysts expect that Jacobs Solutions Inc. will post 6.06 EPS 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.