IFP Advisors Inc Has $94,000 Position in Jacobs Solutions Inc. (NYSE:J)

IFP Advisors Inc lowered its holdings in Jacobs Solutions Inc. (NYSE:J) by 54.6% during the first quarter, Holdings Channel.com reports. The firm owned 778 shares of the company’s stock after selling 937 shares during the period. IFP Advisors Inc’s holdings in Jacobs Solutions were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company’s stock worth $35,386,000 after acquiring an additional 239,764 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock worth $1,684,000 after acquiring an additional 2,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Jacobs Solutions by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 127,215 shares of the company’s stock worth $15,379,000 after acquiring an additional 3,451 shares during the last quarter. Gibraltar Capital Management Inc. raised its position in shares of Jacobs Solutions by 13.9% during the first quarter. Gibraltar Capital Management Inc. now owns 56,003 shares of the company’s stock worth $6,770,000 after acquiring an additional 6,824 shares during the last quarter. Finally, DAVENPORT & Co LLC raised its position in shares of Jacobs Solutions by 12.7% during the first quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock worth $2,391,000 after acquiring an additional 2,222 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.3%

Shares of Jacobs Solutions stock opened at $142.82 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $150.54. The business has a 50-day moving average of $131.41 and a two-hundred day moving average of $128.00. The company has a market capitalization of $17.16 billion, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 2.02 and a beta of 0.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Analyst Ratings Changes

J has been the subject of a number of recent research reports. Citigroup boosted their target price on Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a research report on Monday. KeyCorp upgraded Jacobs Solutions from a “sector weight” rating to an “overweight” rating and set a $155.00 price objective for the company in a report on Wednesday, July 16th. Royal Bank Of Canada upped their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Truist Financial upped their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a report on Monday, May 12th. Finally, UBS Group dropped their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average price target of $153.25.

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.