Mitsubishi UFJ Trust & Banking Corp Increases Stock Holdings in Jacobs Solutions Inc. $J

Mitsubishi UFJ Trust & Banking Corp raised its holdings in Jacobs Solutions Inc. (NYSE:J) by 5.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,520 shares of the company’s stock after buying an additional 4,052 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of Jacobs Solutions worth $10,716,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in shares of Jacobs Solutions during the second quarter worth about $43,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Jacobs Solutions in the 2nd quarter worth approximately $44,000. Colonial Trust Advisors acquired a new stake in Jacobs Solutions in the 1st quarter worth approximately $51,000. Ransom Advisory Ltd purchased a new stake in Jacobs Solutions during the 2nd quarter worth approximately $53,000. Finally, True Wealth Design LLC increased its stake in Jacobs Solutions by 30.7% during the 2nd quarter. True Wealth Design LLC now owns 447 shares of the company’s stock valued at $59,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on J. KeyCorp raised their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a 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. UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Jacobs Solutions in a report on Wednesday, October 8th. Finally, Barclays lifted their target price on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $161.78.

Jacobs Solutions Stock Performance

Shares of J stock opened at $154.56 on Friday. The stock has a market cap of $18.48 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The business has a 50-day simple moving average of $153.31 and a 200-day simple moving average of $141.35. 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.

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.