Amalgamated Bank Has $3.16 Million Position in Jacobs Solutions Inc. $J

Amalgamated Bank decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 8.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 24,006 shares of the company’s stock after selling 2,163 shares during the period. Amalgamated Bank’s holdings in Jacobs Solutions were worth $3,156,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of Jacobs Solutions during the second quarter worth about $43,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions in the 2nd quarter valued at about $44,000. Colonial Trust Advisors acquired a new position in Jacobs Solutions during the 1st quarter valued at about $51,000. Ransom Advisory Ltd bought a new stake in Jacobs Solutions during the 2nd quarter worth approximately $53,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Jacobs Solutions in the second quarter worth approximately $64,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

NYSE J opened at $154.13 on Tuesday. The company has a market capitalization of $18.42 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 1.87 and a beta of 0.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $168.44. The company has a 50-day simple moving average of $151.83 and a 200 day simple moving average of $139.33.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the company earned $1.96 earnings per share. The company’s quarterly revenue was down 28.4% on a year-over-year basis. On average, research analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup lifted their target price on Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, October 20th. UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Barclays increased their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Truist Financial boosted their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.