Montecito Bank & Trust Has $257,000 Position in Jacobs Solutions Inc. (NYSE:J)

Montecito Bank & Trust raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 17.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,926 shares of the company’s stock after purchasing an additional 280 shares during the quarter. Montecito Bank & Trust’s holdings in Jacobs Solutions were worth $257,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sessa Capital IM L.P. bought a new stake in shares of Jacobs Solutions during the third quarter worth about $46,168,000. Soros Fund Management LLC increased its holdings in Jacobs Solutions by 34.3% during the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after purchasing an additional 127,874 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Jacobs Solutions by 28.1% in the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock worth $70,296,000 after purchasing an additional 117,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Jacobs Solutions by 19.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,110 shares of the company’s stock valued at $85,099,000 after purchasing an additional 107,849 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Jacobs Solutions by 24.9% in the second quarter. AQR Capital Management LLC now owns 507,564 shares of the company’s stock valued at $70,912,000 after purchasing an additional 101,043 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Analyst Upgrades and Downgrades

J has been the subject of a number of analyst reports. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Truist Financial increased their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $156.11.

Jacobs Solutions Trading Down 0.5 %

NYSE:J opened at $140.82 on Friday. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $136.51 and its 200 day moving average is $141.55. The stock has a market capitalization of $17.46 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.14 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the prior year, the company earned $1.90 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

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.