Grandfield & Dodd LLC Sells 1,900 Shares of Jacobs Solutions Inc. $J

Grandfield & Dodd LLC cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 42.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,573 shares of the company’s stock after selling 1,900 shares during the period. Grandfield & Dodd LLC’s holdings in Jacobs Solutions were worth $338,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ninety One UK Ltd boosted its holdings in shares of Jacobs Solutions by 17.1% during the 2nd quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after acquiring an additional 372,275 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Jacobs Solutions by 1.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 2,458,958 shares of the company’s stock valued at $326,181,000 after purchasing an additional 32,043 shares during the period. Invesco Ltd. boosted its holdings in Jacobs Solutions by 5.3% in the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock worth $259,560,000 after purchasing an additional 108,366 shares during the last quarter. Bank of New York Mellon Corp grew its position in Jacobs Solutions by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 825,675 shares of the company’s stock worth $108,535,000 after purchasing an additional 9,509 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Jacobs Solutions by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 782,819 shares of the company’s stock worth $94,635,000 after purchasing an additional 4,931 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the topic of several research analyst reports. Truist Financial increased their price target on Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. KeyCorp increased their target price on Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. Citigroup upped their price target on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Finally, UBS Group raised their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $161.78.

Jacobs Solutions Stock Up 0.9%

Jacobs Solutions stock opened at $154.56 on Friday. The business’s 50-day simple moving average is $153.31 and its two-hundred day simple moving average is $141.23. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $18.48 billion, a PE ratio of 38.54, a PEG ratio of 1.87 and a beta of 0.83. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44.

About Jacobs Solutions

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.