AE Wealth Management LLC Raises Position in Jacobs Solutions Inc. $J

AE Wealth Management LLC increased its position in shares of Jacobs Solutions Inc. (NYSE:J) by 47.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,403 shares of the company’s stock after purchasing an additional 1,100 shares during the period. AE Wealth Management LLC’s holdings in Jacobs Solutions were worth $447,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Costello Asset Management INC purchased a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Jacobs Solutions during the second quarter worth $44,000. Colonial Trust Advisors purchased a new position in Jacobs Solutions in the first quarter worth $51,000. Ransom Advisory Ltd purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth $53,000. Finally, Orion Capital Management LLC acquired a new position in shares of Jacobs Solutions during the 2nd quarter worth $64,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on J. KeyCorp raised their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Wells Fargo & Company started coverage on Jacobs Solutions in a research report on Friday. They issued an “equal weight” rating and a $160.00 price target for the company. Barclays lifted their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $161.78.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $154.56 on Friday. The company has a 50-day simple moving average of $153.31 and a 200-day simple moving average of $141.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market cap of $18.48 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44.

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.