WASHINGTON TRUST Co Lowers Stock Position in Jacobs Solutions Inc. $J

WASHINGTON TRUST Co cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 9.6% during the second quarter, HoldingsChannel.com reports. The fund owned 112,938 shares of the company’s stock after selling 12,048 shares during the period. WASHINGTON TRUST Co’s holdings in Jacobs Solutions were worth $14,846,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Costello Asset Management INC purchased a new stake in Jacobs Solutions in the second quarter valued at $43,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Jacobs Solutions in the second quarter valued at $44,000. Ransom Advisory Ltd acquired a new stake in shares of Jacobs Solutions during the second quarter valued at $53,000. Colonial Trust Advisors purchased a new stake in Jacobs Solutions during the first quarter valued at about $51,000. Finally, True Wealth Design LLC increased its stake in Jacobs Solutions by 30.7% during the 2nd quarter. True Wealth Design LLC now owns 447 shares of the company’s stock worth $59,000 after buying an additional 105 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

NYSE:J traded up $0.32 during mid-day trading on Thursday, reaching $154.94. The stock had a trading volume of 32,639 shares, compared to its average volume of 834,757. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $168.44. The stock has a 50-day simple moving average of $152.94 and a two-hundred day simple moving average of $140.92. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $18.52 billion, a PE ratio of 38.52, a P/E/G ratio of 1.87 and a beta of 0.83.

Analysts Set New Price Targets

A number of research firms have weighed in on J. Truist Financial upped 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. Barclays lifted their price target on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. KeyCorp upped their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday, October 8th. Finally, UBS Group lifted their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target 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.