Jacobs Solutions (NYSE:J) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Jacobs Solutions (NYSE:J) in a research note published on Thursday morning, Marketbeat.com reports. The firm issued an equal weight rating on the stock.

J has been the topic of several other research reports. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays upped their price target 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. Citigroup lifted their price objective on shares of Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $161.78.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $154.56 on Thursday. The firm has a market cap of $18.48 billion, a P/E ratio of 38.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions has a 1-year low of $106.23 and a 1-year high of $168.44. The business’s 50 day moving average is $153.31 and its 200-day moving average is $141.35.

Institutional Trading of Jacobs Solutions

Several large investors have recently bought and sold shares of the business. Primecap Management Co. CA grew its position in Jacobs Solutions by 2.1% in the second quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock valued at $624,365,000 after acquiring an additional 96,387 shares during the last quarter. Ninety One UK Ltd boosted its stake in shares of Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock valued at $460,016,000 after purchasing an additional 520,417 shares in the last quarter. Boston Partners grew its holdings in shares of Jacobs Solutions by 3.7% during the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after purchasing an additional 108,134 shares during the last quarter. Invesco Ltd. increased its position in Jacobs Solutions by 21.4% during the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after purchasing an additional 460,283 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Jacobs Solutions by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after purchasing an additional 44,070 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.