Exchange Traded Concepts LLC Purchases 10,592 Shares of Jacobs Solutions Inc. (NYSE:J)

Exchange Traded Concepts LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 157.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,299 shares of the company’s stock after acquiring an additional 10,592 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Jacobs Solutions were worth $2,311,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of Jacobs Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock worth $410,444,000 after purchasing an additional 73,566 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in Jacobs Solutions by 3.2% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after acquiring an additional 32,650 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Jacobs Solutions by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after purchasing an additional 14,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock worth $85,099,000 after purchasing an additional 107,849 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Jacobs Solutions by 28.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock valued at $70,296,000 after purchasing an additional 117,940 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 0.5 %

NYSE:J opened at $140.82 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $17.46 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. The company has a 50-day moving average of $136.53 and a 200 day moving average of $141.60. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data 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). The business 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 earnings per share. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on J. Robert W. Baird raised their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Raymond James upgraded shares of 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price 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.