A. D. Beadell Investment Counsel Inc. Sells 790 Shares of Jacobs Solutions Inc. (NYSE:J)

A. D. Beadell Investment Counsel Inc. cut its position in Jacobs Solutions Inc. (NYSE:J) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,790 shares of the company’s stock after selling 790 shares during the period. Jacobs Solutions comprises 1.6% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 23rd largest holding. A. D. Beadell Investment Counsel Inc.’s holdings in Jacobs Solutions were worth $1,976,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of J. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Jacobs Solutions by 6.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Jacobs Solutions by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after acquiring an additional 73,566 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after acquiring an additional 127,605 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in Jacobs Solutions by 3.2% during the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after acquiring an additional 32,650 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Jacobs Solutions by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock valued at $99,552,000 after purchasing an additional 14,405 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Down 0.9 %

NYSE J traded down $1.22 during trading on Friday, reaching $131.88. 123,432 shares of the company’s stock traded hands, compared to its average volume of 528,944. Jacobs Solutions Inc. has a 12-month low of $108.19 and a 12-month high of $150.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $16.36 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.72. The company’s 50 day simple moving average is $137.81 and its two-hundred day simple moving average is $141.62.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on J shares. Robert W. Baird lifted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Truist Financial boosted their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. The Goldman Sachs Group restated a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Finally, Citigroup decreased their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Hold” and a consensus target price of $156.11.

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.