Jacobs Solutions Inc. $J Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC decreased its stake in Jacobs Solutions Inc. (NYSE:J) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,882 shares of the company’s stock after selling 356 shares during the period. Westover Capital Advisors LLC’s holdings in Jacobs Solutions were worth $1,956,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. increased its position in Jacobs Solutions by 8.4% in the second quarter. Nomura Asset Management Co. Ltd. now owns 42,600 shares of the company’s stock worth $5,600,000 after buying an additional 3,292 shares during the period. Intech Investment Management LLC grew its position in shares of Jacobs Solutions by 121.1% during the second quarter. Intech Investment Management LLC now owns 117,057 shares of the company’s stock worth $15,387,000 after acquiring an additional 64,114 shares during the last quarter. Creative Planning increased its holdings in shares of Jacobs Solutions by 3.6% in the 2nd quarter. Creative Planning now owns 35,555 shares of the company’s stock worth $4,674,000 after acquiring an additional 1,244 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Jacobs Solutions by 5.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,469 shares of the company’s stock valued at $3,874,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Jacobs Solutions by 15.9% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after purchasing an additional 268,504 shares during the period. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Down 2.4%

Shares of NYSE:J opened at $150.65 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 37.57, a PEG ratio of 1.87 and a beta of 0.83. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The company has a 50 day moving average price of $153.43 and a 200 day moving average price of $141.66.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company initiated coverage on shares of Jacobs Solutions in a research report on Friday. They issued an “equal weight” rating and a $160.00 target price for the company. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Truist Financial lifted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Finally, UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.78.

Jacobs Solutions 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.