Union Bancaire Privee UBP SA Buys New Shares in Jacobs Solutions Inc. (NYSE:J)

Union Bancaire Privee UBP SA bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, HoldingsChannel.com reports. The fund bought 9,656 shares of the company’s stock, valued at approximately $1,229,000.

A number of other large investors have also bought and sold shares of the stock. First Horizon Advisors Inc. lifted its holdings in shares of Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Jacobs Solutions during the third quarter valued at about $42,000. True Wealth Design LLC bought a new stake in shares of Jacobs Solutions during the third quarter worth about $44,000. Finally, GAMMA Investing LLC raised its holdings in shares of Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 2.7 %

Jacobs Solutions stock opened at $137.25 on Tuesday. 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 company has a market capitalization of $17.02 billion, a P/E ratio of 21.68, a P/E/G ratio of 2.14 and a beta of 0.72. The firm has a 50 day moving average price of $136.53 and a 200-day moving average price of $141.63. Jacobs Solutions Inc. has a twelve month low of $110.95 and a twelve month high of $150.54.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm 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 business earned $1.90 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Citigroup dropped their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Robert W. Baird upped their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial raised their price target 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently 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.