BDF Gestion Has $2.23 Million Position in Jacobs Solutions Inc. (NYSE:J)

BDF Gestion lessened its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,661 shares of the company’s stock after selling 1,463 shares during the quarter. BDF Gestion’s holdings in Jacobs Solutions were worth $2,226,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on J. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Citigroup reduced their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $137.43 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market cap of $17.04 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. Jacobs Solutions Inc. has a 52 week low of $110.95 and a 52 week high of $150.54. The business’s fifty day simple moving average is $136.55 and its 200-day simple moving average is $141.55.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 EPS. Equities analysts forecast that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

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.