FRG Family Wealth Advisors LLC Has $1.21 Million Holdings in Jacobs Solutions Inc. $J

FRG Family Wealth Advisors LLC cut its holdings in Jacobs Solutions Inc. (NYSE:J) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,235 shares of the company’s stock after selling 80 shares during the quarter. FRG Family Wealth Advisors LLC’s holdings in Jacobs Solutions were worth $1,214,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in J. GAMMA Investing LLC lifted its stake in Jacobs Solutions by 90.2% in the first quarter. GAMMA Investing LLC now owns 2,282 shares of the company’s stock valued at $276,000 after buying an additional 1,082 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Jacobs Solutions by 21.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,894 shares of the company’s stock worth $1,684,000 after purchasing an additional 2,457 shares during the period. Avidian Wealth Enterprises LLC raised its position in shares of Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock worth $255,000 after purchasing an additional 87 shares during the period. Ameritas Advisory Services LLC raised its position in shares of Jacobs Solutions by 1.5% during the first quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company’s stock worth $989,000 after purchasing an additional 117 shares during the period. Finally, DAVENPORT & Co LLC raised its position in shares of Jacobs Solutions by 12.7% during the first quarter. DAVENPORT & Co LLC now owns 19,776 shares of the company’s stock worth $2,391,000 after purchasing an additional 2,222 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on J. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. Citigroup upped their target price on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Barclays upped their target price on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Truist Financial upped their target price 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 investment analysts have rated the stock with a Buy rating and four have given 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 $162.00.

Jacobs Solutions Trading Up 0.0%

Shares of Jacobs Solutions stock opened at $158.33 on Thursday. The stock has a fifty day simple moving average of $151.32 and a 200 day simple moving average of $138.36. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $168.44. The company has a market capitalization of $18.93 billion, a P/E ratio of 39.48, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. 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 (NYSE:J) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The business had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. Jacobs Solutions’s revenue was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Company 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.