Paradigm Asset Management Co. LLC Purchases New Shares in Jacobs Solutions Inc. $J

Paradigm Asset Management Co. LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,200 shares of the company’s stock, valued at approximately $1,209,000.

A number of other institutional investors have also made changes to their positions in J. Costello Asset Management INC bought a new stake in Jacobs Solutions during the 2nd quarter worth about $43,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $44,000. Ransom Advisory Ltd acquired a new stake in shares of Jacobs Solutions in the second quarter valued at approximately $53,000. Colonial Trust Advisors acquired a new stake in shares of Jacobs Solutions in the first quarter valued at approximately $51,000. Finally, Orion Capital Management LLC bought a new position in Jacobs Solutions in the 2nd quarter worth approximately $64,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.1%

NYSE:J opened at $153.34 on Friday. 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 Inc. has a 1-year low of $106.23 and a 1-year high of $168.44. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 1.87 and a beta of 0.83. The business’s 50-day moving average price is $152.37 and its two-hundred day moving average price is $140.07.

Jacobs Solutions (NYSE:J) last posted its 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. The company had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company’s revenue for the quarter was down 28.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 EPS. On average, equities analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

J has been the topic of a number of recent research reports. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Truist Financial lifted their price objective on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. KeyCorp boosted their price objective on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.00.

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.