Atlantic Union Bankshares Corp Acquires 10,057 Shares of Jacobs Solutions Inc. $J

Atlantic Union Bankshares Corp grew its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 409.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,514 shares of the company’s stock after purchasing an additional 10,057 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Jacobs Solutions were worth $1,645,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Ingalls & Snyder LLC purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth $558,000. FORA Capital LLC purchased a new position in Jacobs Solutions in the first quarter valued at about $1,986,000. Focus Partners Advisor Solutions LLC raised its holdings in Jacobs Solutions by 90.1% in the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock worth $706,000 after purchasing an additional 2,548 shares in the last quarter. Bank of Nova Scotia raised its holdings in Jacobs Solutions by 15.2% in the first quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock worth $15,702,000 after purchasing an additional 17,120 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Jacobs Solutions by 66.2% during the first quarter. Citigroup Inc. now owns 122,363 shares of the company’s stock valued at $14,792,000 after buying an additional 48,755 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Down 0.1%

Jacobs Solutions stock opened at $153.34 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The stock has a 50-day moving average price of $152.37 and a 200 day moving average price of $140.07.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $1.96 EPS. Jacobs Solutions’s quarterly revenue was down 28.4% on a year-over-year basis. Sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Analyst Upgrades and Downgrades

J has been the topic of a number of analyst reports. KeyCorp lifted their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Barclays raised their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Citigroup increased their price objective on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Truist Financial raised their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.