BOK Financial Private Wealth Inc. Decreases Holdings in Jacobs Solutions Inc. $J

BOK Financial Private Wealth Inc. reduced its position in Jacobs Solutions Inc. (NYSE:J) by 16.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,669 shares of the company’s stock after selling 1,707 shares during the period. BOK Financial Private Wealth Inc.’s holdings in Jacobs Solutions were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Ingalls & Snyder LLC purchased a new position in shares of Jacobs Solutions during the 2nd quarter valued at about $558,000. FORA Capital LLC bought a new stake in Jacobs Solutions during the 1st quarter worth approximately $1,986,000. Focus Partners Advisor Solutions LLC lifted its holdings in Jacobs Solutions by 90.1% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares in the last quarter. Bank of Nova Scotia boosted its position in shares of Jacobs Solutions by 15.2% in the first quarter. Bank of Nova Scotia now owns 129,887 shares of the company’s stock worth $15,702,000 after purchasing an additional 17,120 shares during the period. Finally, Citigroup Inc. increased its stake in shares of Jacobs Solutions by 66.2% in the first quarter. Citigroup Inc. now owns 122,363 shares of the company’s stock worth $14,792,000 after purchasing an additional 48,755 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Trading Down 0.1%

Shares of J stock opened at $153.34 on Monday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 38.24, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $168.44. The stock’s 50-day moving average price is $152.37 and its 200-day moving average price is $140.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Barclays boosted their price objective on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Truist Financial increased their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 18th. Finally, UBS Group boosted their price target on Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

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.