King Luther Capital Management Corp Cuts Position in Jacobs Solutions Inc. $J

King Luther Capital Management Corp reduced its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 25.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,144 shares of the company’s stock after selling 1,419 shares during the period. King Luther Capital Management Corp’s holdings in Jacobs Solutions were worth $545,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in J. Costello Asset Management INC purchased a new position in shares of Jacobs Solutions in the 2nd quarter valued at about $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Jacobs Solutions during the second quarter worth about $44,000. Colonial Trust Advisors acquired a new position in Jacobs Solutions during the first quarter worth about $51,000. Ransom Advisory Ltd purchased a new position in Jacobs Solutions in the second quarter valued at about $53,000. Finally, True Wealth Design LLC lifted its position in shares of Jacobs Solutions by 30.7% during the 2nd quarter. True Wealth Design LLC now owns 447 shares of the company’s stock valued at $59,000 after acquiring an additional 105 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on J. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Truist Financial boosted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. KeyCorp upped their target price on Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. UBS Group raised their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Jacobs Solutions Stock Up 0.2%

Shares of NYSE:J opened at $154.52 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.47 billion, a P/E ratio of 38.53, a P/E/G ratio of 1.87 and a beta of 0.83. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $168.44. The stock’s fifty day simple moving average is $152.71 and its 200-day simple moving average is $140.82.

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.