Sound Income Strategies LLC Acquires 142 Shares of Jacobs Solutions Inc. (NYSE:J)

Sound Income Strategies LLC boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 16.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 988 shares of the company’s stock after acquiring an additional 142 shares during the period. Sound Income Strategies LLC’s holdings in Jacobs Solutions were worth $132,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of J. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% during 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 during the period. Quarry LP grew its stake in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions during the 3rd quarter valued at about $42,000. True Wealth Design LLC bought a new stake in shares of Jacobs Solutions in the third quarter worth about $44,000. Finally, GAMMA Investing LLC boosted its stake in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of several research analyst reports. Truist Financial raised their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. Citigroup decreased their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. 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. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.11.

Jacobs Solutions Stock Down 0.5 %

Shares of NYSE:J opened at $140.82 on Friday. The business’s 50 day moving average is $136.51 and its 200 day moving average is $141.55. The stock 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 52-week low of $110.95 and a 52-week 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 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 net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the business posted $1.90 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

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.