GAMMA Investing LLC Buys 795 Shares of Jacobs Solutions Inc. (NYSE:J)

GAMMA Investing LLC raised its position in Jacobs Solutions Inc. (NYSE:J) by 196.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,200 shares of the company’s stock after acquiring an additional 795 shares during the quarter. GAMMA Investing LLC’s holdings in Jacobs Solutions were worth $160,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Jacobs Solutions by 536.0% during the fourth quarter. Versant Capital Management Inc now owns 547 shares of the company’s stock worth $73,000 after acquiring an additional 461 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after purchasing an additional 47,211 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Jacobs Solutions by 4.3% in the 3rd quarter. Principal Financial Group Inc. now owns 145,574 shares of the company’s stock worth $19,056,000 after purchasing an additional 5,959 shares in the last quarter. Inspire Trust Co. N.A. grew its position in shares of Jacobs Solutions by 28.7% during the third quarter. Inspire Trust Co. N.A. now owns 8,980 shares of the company’s stock valued at $1,175,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Synovus Financial Corp increased its holdings in shares of Jacobs Solutions by 7.3% in the third quarter. Synovus Financial Corp now owns 5,117 shares of the company’s stock worth $670,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Citigroup cut their price target on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and issued a $152.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research note on Wednesday, December 4th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $156.11.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $133.10 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $106.10 and a 12 month high of $150.54. The firm’s 50-day moving average is $137.96 and its 200 day moving average is $141.68.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the company posted $1.90 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current year.

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.