Seelaus Asset Management LLC Sells 510 Shares of Jacobs Solutions Inc. $J

Seelaus Asset Management LLC lessened its stake in Jacobs Solutions Inc. (NYSE:J) by 15.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,785 shares of the company’s stock after selling 510 shares during the quarter. Seelaus Asset Management LLC’s holdings in Jacobs Solutions were worth $366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. boosted its stake in Jacobs Solutions by 1.6% in the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company’s stock worth $584,000 after purchasing an additional 71 shares during the period. Fulton Bank N.A. lifted its holdings in shares of Jacobs Solutions by 0.9% in the second quarter. Fulton Bank N.A. now owns 8,570 shares of the company’s stock valued at $1,127,000 after purchasing an additional 74 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Jacobs Solutions by 8.1% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company’s stock worth $136,000 after buying an additional 78 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Jacobs Solutions by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 32,724 shares of the company’s stock worth $4,302,000 after buying an additional 98 shares in the last quarter. Finally, Tlwm raised its position in Jacobs Solutions by 1.7% in the 1st quarter. Tlwm now owns 6,225 shares of the company’s stock valued at $753,000 after buying an additional 105 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Price Performance

Shares of J opened at $155.87 on Monday. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 1.87 and a beta of 0.81. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The company’s fifty day simple moving average is $151.69 and its 200 day simple moving average is $139.07. 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 issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The firm’s revenue for the quarter was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Citigroup lifted their price objective on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. UBS Group lifted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 18th. Finally, Truist Financial boosted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $162.00.

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.