Exchange Traded Concepts LLC Increases Holdings in Jacobs Solutions Inc. (NYSE:J)

Exchange Traded Concepts LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 157.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,299 shares of the company’s stock after purchasing an additional 10,592 shares during the period. Exchange Traded Concepts LLC’s holdings in Jacobs Solutions were worth $2,311,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. boosted its position in shares of Jacobs Solutions by 44.3% in 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 period. Quarry LP lifted its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Jacobs Solutions in the 3rd quarter valued at $42,000. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions during the 3rd quarter valued at $44,000. Finally, GAMMA Investing LLC increased 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 worth $53,000 after purchasing an additional 145 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $140.82 on Monday. The company has a 50 day simple moving average of $136.53 and a two-hundred day simple moving average of $141.60. Jacobs Solutions Inc. has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.14 and a beta of 0.72. 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 (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the company posted $1.90 earnings per share. Analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on J shares. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada restated an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, StockNews.com assumed coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $156.11.

Jacobs Solutions Company 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.