Hilltop National Bank Boosts Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Hilltop National Bank increased its position in Jacobs Solutions Inc. (NYSE:J) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,101 shares of the company’s stock after acquiring an additional 523 shares during the period. Hilltop National Bank’s holdings in Jacobs Solutions were worth $1,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in shares of Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares during the last quarter. Sessa Capital IM L.P. bought a new position in Jacobs Solutions in the third quarter worth approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC raised its position in Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after acquiring an additional 192,166 shares during the period. Soros Fund Management LLC grew its position in shares of Jacobs Solutions by 34.3% during the 3rd quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock valued at $65,569,000 after acquiring an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Jacobs Solutions by 11.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after purchasing an additional 127,605 shares in the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $1.22 during trading on Friday, hitting $131.88. The stock had a trading volume of 123,432 shares, 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 quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market capitalization 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 stock has a 50-day simple moving average of $137.81 and a two-hundred day simple moving average of $141.62.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (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 company had revenue of $2.96 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on J shares. Citigroup lowered their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird increased their price objective on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Finally, Benchmark lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $156.11.

Jacobs Solutions Company 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.