Ethic Inc. Has $427,000 Holdings in Jacobs Solutions Inc. $J

Ethic Inc. cut its position in shares of Jacobs Solutions Inc. (NYSE:J) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,281 shares of the company’s stock after selling 172 shares during the quarter. Ethic Inc.’s holdings in Jacobs Solutions were worth $427,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased 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 buying an additional 2,457 shares during the period. Gibraltar Capital Management Inc. increased 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 buying an additional 6,824 shares during the period. DAVENPORT & Co LLC increased 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 buying an additional 2,222 shares during the period. FORA Capital LLC acquired a new stake in shares of Jacobs Solutions during the first quarter worth $1,986,000. Finally, IFM Investors Pty Ltd grew its holdings in Jacobs Solutions by 12.8% in the first quarter. IFM Investors Pty Ltd now owns 22,603 shares of the company’s stock worth $2,959,000 after purchasing an additional 2,571 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Truist Financial lifted their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. KeyCorp raised their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Finally, Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

Jacobs Solutions Stock Up 0.0%

Shares of NYSE J opened at $158.33 on Thursday. The stock has a market capitalization of $18.93 billion, a P/E ratio of 39.48, a P/E/G ratio of 1.86 and a beta of 0.81. The company has a 50-day moving average price of $151.32 and a 200-day moving average price of $138.36. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business’s revenue was down 28.4% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS 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.