4,584 Jacobs Solutions Inc. $J Shares Bought by Ethic Inc.

Ethic Inc. lifted its holdings in Jacobs Solutions Inc. (NYSE:J) by 40.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,022 shares of the company’s stock after acquiring an additional 4,584 shares during the period. Ethic Inc.’s holdings in Jacobs Solutions were worth $2,167,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in J. NBH Bank bought a new stake in shares of Jacobs Solutions in the 2nd quarter valued at approximately $28,000. Continuum Advisory LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at approximately $28,000. Keating Financial Advisory Services Inc. bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at approximately $30,000. Compass Financial Management LLC bought a new position in shares of Jacobs Solutions during the 2nd quarter valued at approximately $38,000. Finally, Heritage Family Offices LLP purchased a new stake in Jacobs Solutions during the 3rd quarter valued at $41,000. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $157.56 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock’s fifty day moving average price is $144.58 and its 200-day moving average price is $134.57. The firm has a market cap of $18.60 billion, a P/E ratio of 22.87, a P/E/G ratio of 1.97 and a beta of 0.68. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $162.00.

Wall Street Analyst Weigh In

J has been the subject of several recent analyst reports. KeyCorp dropped their price objective on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Truist Financial reduced their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Citigroup raised their target price on shares of Jacobs Solutions from $181.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. UBS Group raised their target price on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada lifted their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $156.78.

Jacobs Solutions Company Profile

Jacobs Solutions Inc. is a global professional services company that provides consulting, advisory, engineering, design and project and program management services. Its work spans infrastructure, water, environmental services, transportation, energy and advanced facilities, including projects for life sciences and advanced manufacturing clients. The company serves public- and private-sector clients in markets around the world. Founded in 1947 by Joseph J. Jacobs, the business grew from an engineering firm into a multinational services provider.