Vestmark Advisory Solutions Inc. Takes $1.51 Million Position in Jacobs Solutions Inc. $J

Vestmark Advisory Solutions Inc. acquired a new position in Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 11,480 shares of the company’s stock, valued at approximately $1,509,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of J. Ingalls & Snyder LLC bought a new position in Jacobs Solutions during the 2nd quarter worth approximately $558,000. FORA Capital LLC purchased a new stake in shares of Jacobs Solutions during the first quarter valued at approximately $1,986,000. Focus Partners Advisor Solutions LLC grew its holdings in shares of Jacobs Solutions by 90.1% in the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock worth $706,000 after purchasing an additional 2,548 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in shares of Jacobs Solutions by 409.3% in the second quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock worth $1,645,000 after purchasing an additional 10,057 shares during the last quarter. Finally, Bank of Nova Scotia increased its stake in shares of Jacobs Solutions by 15.2% in the first quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock worth $15,702,000 after buying an additional 17,120 shares during the period. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays boosted their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Citigroup raised their target price on Jacobs Solutions from $169.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research report on Wednesday, October 8th. UBS Group increased their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Jacobs Solutions Trading Down 0.1%

J opened at $153.34 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $168.44. The stock has a market cap of $18.33 billion, a PE ratio of 38.24, a PEG ratio of 1.87 and a beta of 0.83. The business has a 50 day moving average of $152.37 and a 200-day moving average of $140.36.

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.