UMB Bank n.a. Has $956,000 Stake in Jacobs Solutions Inc. (NYSE:J)

UMB Bank n.a. trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 13.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,157 shares of the company’s stock after selling 1,095 shares during the period. UMB Bank n.a.’s holdings in Jacobs Solutions were worth $956,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in J. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 73,566 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Jacobs Solutions by 3.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock valued at $143,263,000 after buying an additional 32,650 shares during the period. Charles Schwab Investment Management Inc. grew 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 worth $99,552,000 after buying an additional 14,405 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Jacobs Solutions by 19.9% during 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 worth $85,099,000 after buying an additional 107,849 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Jacobs Solutions by 28.1% during the third quarter. Thrivent Financial for Lutherans now owns 537,015 shares of the company’s stock valued at $70,296,000 after acquiring an additional 117,940 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Up 1.4 %

Shares of J opened at $141.26 on Wednesday. The company has a market capitalization of $17.52 billion, a P/E ratio of 22.32, a PEG ratio of 2.10 and a beta of 0.72. Jacobs Solutions Inc. has a one year low of $110.39 and a one year high of $150.54. The business’s 50 day simple moving average is $136.76 and its 200-day simple moving average is $141.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data 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 return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the firm posted $1.90 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on J. Truist Financial lifted their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a report on Thursday, December 19th. Robert W. Baird boosted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Finally, StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating for the company. Six investment 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.11.

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.