McKinley Carter Wealth Services Inc. Acquires 2,419 Shares of Jacobs Solutions Inc. (NYSE:J)

McKinley Carter Wealth Services Inc. boosted its holdings in Jacobs Solutions Inc. (NYSE:J) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,088 shares of the company’s stock after purchasing an additional 2,419 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in Jacobs Solutions were worth $7,628,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sessa Capital IM L.P. purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth $46,168,000. Soros Fund Management LLC grew its position in Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after acquiring an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after acquiring an additional 117,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $85,099,000 after purchasing an additional 107,849 shares during the period. Finally, Mizuho Securities USA LLC grew its holdings in shares of Jacobs Solutions by 978.5% in the third quarter. Mizuho Securities USA LLC now owns 104,100 shares of the company’s stock worth $13,627,000 after purchasing an additional 94,448 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on J shares. Truist Financial upped their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a “hold” rating for the company. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Jacobs Solutions Trading Up 0.1 %

NYSE:J opened at $137.59 on Wednesday. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 21.74, a PEG 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. The firm has a 50 day moving average of $136.55 and a 200 day moving average of $141.55.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the business posted $1.90 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal 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.