Jacobs Solutions Inc. $J Stock Bought by Ethic Inc.

Ethic Inc. raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 40.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,022 shares of the company’s stock after buying an additional 4,584 shares during the quarter. Ethic Inc.’s holdings in Jacobs Solutions were worth $2,167,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in J. Corient Private Wealth LP purchased a new stake in shares of Jacobs Solutions in the 2nd quarter worth approximately $5,225,000. Amundi raised its stake in Jacobs Solutions by 4.0% during the second quarter. Amundi now owns 883,673 shares of the company’s stock valued at $111,328,000 after buying an additional 34,298 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in Jacobs Solutions by 6.4% during the third quarter. ZWJ Investment Counsel Inc. now owns 248,430 shares of the company’s stock valued at $33,605,000 after buying an additional 14,941 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Jacobs Solutions in the second quarter worth $37,046,000. Finally, Ancora Advisors LLC boosted its holdings in Jacobs Solutions by 34.9% in the second quarter. Ancora Advisors LLC now owns 31,427 shares of the company’s stock worth $3,960,000 after acquiring an additional 8,130 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of several analyst reports. Truist Financial reduced their price target on Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a report on Monday, October 5th. KeyCorp dropped their price target on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, UBS Group raised their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $156.78.

Jacobs Solutions Stock Performance

J stock opened at $157.56 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. Jacobs Solutions Inc. has a 1 year low of $105.68 and a 1 year high of $162.00. The company has a market cap of $18.60 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.68. The stock’s fifty day moving average price is $144.58 and its 200-day moving average price is $134.57.

About Jacobs Solutions

Jacobs Solutions Inc. is a global professional services company that provides consulting, advisory, engineering, design and project and program management services. Its work spans infrastructure, water, environmental services, transportation, energy and advanced facilities, including projects for life sciences and advanced manufacturing clients. The company serves public- and private-sector clients in markets around the world. Founded in 1947 by Joseph J. Jacobs, the business grew from an engineering firm into a multinational services provider.