Heritage Family Offices LLP Purchases 5,332 Shares of Jacobs Solutions Inc. (NYSE:J)

Heritage Family Offices LLP grew its position in shares of Jacobs Solutions Inc. (NYSE:J) by 55.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,912 shares of the company’s stock after purchasing an additional 5,332 shares during the quarter. Jacobs Solutions makes up about 1.0% of Heritage Family Offices LLP’s investment portfolio, making the stock its 25th largest position. Heritage Family Offices LLP’s holdings in Jacobs Solutions were worth $1,993,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of J. Choreo LLC purchased a new stake in Jacobs Solutions in the second quarter worth approximately $298,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Jacobs Solutions by 1.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 23,161 shares of the company’s stock worth $3,227,000 after acquiring an additional 311 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Jacobs Solutions by 22.2% in the 2nd quarter. Federated Hermes Inc. now owns 46,688 shares of the company’s stock valued at $6,523,000 after purchasing an additional 8,482 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after purchasing an additional 127,605 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Jacobs Solutions by 117.8% during the 2nd quarter. Renaissance Technologies LLC now owns 166,800 shares of the company’s stock valued at $23,304,000 after purchasing an additional 90,200 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Up 0.7 %

Shares of Jacobs Solutions stock opened at $136.14 on Thursday. The company’s fifty day simple moving average is $137.42 and its two-hundred day simple moving average is $141.52. Jacobs Solutions Inc. has a 12-month low of $108.19 and a 12-month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a market cap of $16.88 billion, a P/E ratio of 21.51, a PEG ratio of 2.00 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its quarterly 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). The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 earnings per share. Research analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on J shares. Robert W. Baird boosted their price target 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. Citigroup dropped their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial increased their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.