Assenagon Asset Management S.A. Raises Holdings in Jacobs Solutions Inc. (NYSE:J)

Assenagon Asset Management S.A. grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,002 shares of the company’s stock after buying an additional 316 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Jacobs Solutions were worth $802,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Sessa Capital IM L.P. acquired a new stake in Jacobs Solutions in the third quarter valued at $46,168,000. Soros Fund Management LLC boosted its position in shares of Jacobs Solutions by 34.3% in the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after buying an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Jacobs Solutions by 28.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after buying an additional 117,940 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Jacobs Solutions by 19.9% in 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 purchasing an additional 107,849 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in Jacobs Solutions by 24.9% during the 2nd quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock valued at $70,912,000 after buying an additional 101,043 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

NYSE J opened at $140.82 on Friday. The firm has a market capitalization of $17.46 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The business’s 50-day simple moving average is $136.51 and its 200-day simple moving average is $141.55.

Jacobs Solutions (NYSE:J) last posted its 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). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the previous year, the firm posted $1.90 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on J shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird boosted their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Citigroup lowered their price objective 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $156.11.

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.