Jacobs Solutions Inc. (NYSE:J) Position Increased by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. raised its position in Jacobs Solutions Inc. (NYSE:J) by 30.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 252,856 shares of the company’s stock after buying an additional 59,704 shares during the quarter. Jacobs Solutions makes up approximately 2.7% of Campbell Newman Asset Management Inc.’s holdings, making the stock its 13th largest holding. Campbell Newman Asset Management Inc.’s holdings in Jacobs Solutions were worth $33,787,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after buying an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. bought a new position in Jacobs Solutions during the third quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock valued at $464,736,000 after acquiring an additional 192,166 shares during the last quarter. Soros Fund Management LLC grew its position in Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after acquiring an additional 127,874 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Jacobs Solutions by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after purchasing an additional 127,605 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on J. Truist Financial lifted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Citigroup reduced their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. Robert W. Baird boosted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 10th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $156.11.

Jacobs Solutions Trading Up 1.2 %

Jacobs Solutions stock traded up $1.67 during mid-day trading on Wednesday, hitting $136.82. The stock had a trading volume of 11,155 shares, compared to its average volume of 537,683. The stock has a market capitalization of $16.97 billion, a PE ratio of 21.61, a P/E/G ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $108.19 and a 12 month high of $150.54. 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 has a 50-day simple moving average of $137.42 and a two-hundred day simple moving average of $141.52.

Jacobs Solutions (NYSE:J) last issued its earnings results 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 the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’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. As a group, sell-side analysts forecast 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.