National Pension Service Acquires 1,190 Shares of Jacobs Solutions Inc. $J

National Pension Service grew its stake in Jacobs Solutions Inc. (NYSE:J) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,095 shares of the company’s stock after acquiring an additional 1,190 shares during the period. National Pension Service’s holdings in Jacobs Solutions were worth $2,247,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of J. Ninety One UK Ltd boosted its position in Jacobs Solutions by 17.1% during the second quarter. Ninety One UK Ltd now owns 2,549,219 shares of the company’s stock valued at $335,095,000 after purchasing an additional 372,275 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Jacobs Solutions in the 1st quarter valued at approximately $43,251,000. Jefferies Financial Group Inc. bought a new position in shares of Jacobs Solutions in the first quarter valued at $17,570,000. Alliancebernstein L.P. increased its holdings in Jacobs Solutions by 73.6% during the first quarter. Alliancebernstein L.P. now owns 265,705 shares of the company’s stock worth $32,121,000 after buying an additional 112,642 shares during the last quarter. Finally, Invesco Ltd. raised its position in Jacobs Solutions by 5.3% during the first quarter. Invesco Ltd. now owns 2,147,078 shares of the company’s stock worth $259,560,000 after acquiring an additional 108,366 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $154.56 on Friday. The stock has a market cap of $18.48 billion, a P/E ratio of 38.54, a PEG ratio of 1.87 and a beta of 0.83. The stock has a 50 day simple moving average of $153.31 and a 200 day simple moving average of $141.35. 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.

Analyst Ratings Changes

Several research firms have recently weighed in on J. Barclays boosted their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Wells Fargo & Company began coverage on Jacobs Solutions in a research report on Friday. They issued an “equal weight” rating and a $160.00 price objective for the company. Truist Financial boosted their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Citigroup raised their price target on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, UBS Group lifted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $161.78.

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.