Jacobs Solutions Inc. (NYSE:J) Position Cut by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,601 shares of the company’s stock after selling 124 shares during the period. Crossmark Global Holdings Inc.’s holdings in Jacobs Solutions were worth $614,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in J. ProShare Advisors LLC increased its holdings in shares of Jacobs Solutions by 7.9% during the second quarter. ProShare Advisors LLC now owns 18,427 shares of the company’s stock valued at $2,574,000 after purchasing an additional 1,342 shares during the period. Gabelli Funds LLC increased its stake in Jacobs Solutions by 6.9% during the 2nd quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after buying an additional 100 shares during the period. Public Sector Pension Investment Board raised its position in shares of Jacobs Solutions by 66.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 4,705 shares of the company’s stock worth $657,000 after buying an additional 1,878 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Jacobs Solutions by 59.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,065 shares of the company’s stock worth $3,362,000 after acquiring an additional 8,984 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Jacobs Solutions by 24.9% in the second quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock valued at $70,912,000 after acquiring an additional 101,043 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $140.82 on Friday. The company’s fifty day moving average is $136.53 and its two-hundred day moving average is $141.57. The company has a market cap of $17.46 billion, a P/E ratio of 22.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72. Jacobs Solutions Inc. has a 12-month low of $110.95 and a 12-month high of $150.54. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (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 business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company posted $1.90 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. Equities analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.