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

LVW Advisors LLC lowered its stake in Jacobs Solutions Inc. (NYSE:J) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,980 shares of the company’s stock after selling 354 shares during the quarter. LVW Advisors LLC’s holdings in Jacobs Solutions were worth $532,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in 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 purchasing an additional 74 shares in the last quarter. Quarry LP grew its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares during the period. Capital Performance Advisors LLP bought a new stake in Jacobs Solutions in the 3rd quarter valued at about $42,000. True Wealth Design LLC acquired a new position in Jacobs Solutions during the 3rd quarter worth approximately $44,000. Finally, GAMMA Investing LLC raised its stake in Jacobs Solutions by 55.8% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on J. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Robert W. Baird raised their price objective 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. Truist Financial boosted their target price 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $156.11.

Jacobs Solutions Stock Up 0.6 %

J stock opened at $139.18 on Tuesday. The stock has a market cap of $17.26 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.00 and a beta of 0.72. 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 stock’s fifty day simple moving average is $136.91 and its two-hundred day simple moving average is $141.51. Jacobs Solutions Inc. has a 1-year low of $108.64 and a 1-year high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data 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). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.90 EPS. Analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

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.