Kera Capital Partners Inc. Acquires New Shares in Jacobs Solutions Inc. (NYSE:J)

Kera Capital Partners Inc. purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,072 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. boosted its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP boosted its holdings in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after buying an additional 233 shares during the period. Capital Performance Advisors LLP acquired a new position in Jacobs Solutions in the 3rd quarter valued at $42,000. True Wealth Design LLC bought a new position in Jacobs Solutions in the 3rd quarter worth $44,000. Finally, GAMMA Investing LLC lifted its position 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 acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

NYSE:J opened at $139.18 on Friday. 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 company has a 50-day moving average of $136.91 and a 200-day moving average of $141.46. Jacobs Solutions Inc. has a 52 week low of $108.64 and a 52 week high of $150.54. The company has a market capitalization of $17.26 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 2.00 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the firm posted $1.90 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on J shares. Raymond James upgraded 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. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Citigroup lowered their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus 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.