Grove Bank & Trust Purchases 180 Shares of Jacobs Solutions Inc. (NYSE:J)

Grove Bank & Trust boosted its position in Jacobs Solutions Inc. (NYSE:J) by 57.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 491 shares of the company’s stock after acquiring an additional 180 shares during the quarter. Grove Bank & Trust’s holdings in Jacobs Solutions were worth $66,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Jacobs Solutions by 2.4% in the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after acquiring an additional 73,566 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its position in Jacobs Solutions by 3.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock valued at $143,263,000 after buying an additional 32,650 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after buying an additional 14,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 buying an additional 107,849 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Jacobs Solutions by 28.1% in the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock valued at $70,296,000 after buying an additional 117,940 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $139.18 on Tuesday. The firm’s 50-day moving average price is $136.91 and its 200-day moving average price is $141.51. Jacobs Solutions Inc. has a 1-year low of $108.64 and a 1-year high of $150.54. The firm has a market capitalization of $17.26 billion, a P/E ratio of 21.99, a P/E/G ratio of 2.00 and a beta of 0.72. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

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 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 business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the company earned $1.90 EPS. The company’s revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on J. 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. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. Citigroup cut their price target on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Robert W. Baird lifted 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. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.