Mesirow Financial Investment Management Inc. Has $22.04 Million Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Mesirow Financial Investment Management Inc. trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 182,334 shares of the company’s stock after selling 4,545 shares during the period. Mesirow Financial Investment Management Inc. owned approximately 0.15% of Jacobs Solutions worth $22,042,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC boosted its position in shares of Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock valued at $1,471,000 after acquiring an additional 83 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company’s stock valued at $231,000 after purchasing an additional 87 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock valued at $255,000 after purchasing an additional 87 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company’s stock valued at $510,000 after purchasing an additional 108 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in shares of Jacobs Solutions by 1.5% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company’s stock worth $989,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on J. Truist Financial boosted their price target on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Monday, May 12th. UBS Group reduced their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. KeyCorp upgraded shares of Jacobs Solutions from a “sector weight” rating to an “overweight” rating and set a $155.00 target price for the company in a research report on Wednesday, July 16th. Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, Citigroup raised their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a “buy” rating in a report on Monday. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.25.

Jacobs Solutions Price Performance

Shares of J 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 company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $131.41 and its 200-day moving average is $128.00. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 2.02 and a beta of 0.77.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.91 earnings per share. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

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.