Union Bancaire Privee UBP SA Makes New $1.23 Million Investment in Jacobs Solutions Inc. (NYSE:J)

Union Bancaire Privee UBP SA bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,656 shares of the company’s stock, valued at approximately $1,229,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in J. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Empirical Finance LLC lifted its position in Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after purchasing an additional 82 shares during the period. OneDigital Investment Advisors LLC lifted its position in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after purchasing an additional 86 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Jacobs Solutions by 10.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock worth $128,000 after buying an additional 92 shares in the last quarter. Finally, United Asset Strategies Inc. increased its holdings in Jacobs Solutions by 0.4% in the 3rd quarter. United Asset Strategies Inc. now owns 28,774 shares of the company’s stock valued at $3,767,000 after buying an additional 101 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

J stock opened at $137.25 on Tuesday. The company has a market capitalization of $17.02 billion, a P/E ratio of 21.68, a PEG ratio of 2.14 and a beta of 0.72. The company has a fifty day moving average price of $136.53 and a 200-day moving average price of $141.63. 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 Inc. has a 52-week low of $110.95 and a 52-week high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. 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 quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird boosted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.