Bryn Mawr Trust Advisors LLC decreased its position in Jacobs Solutions Inc. (NYSE:J – Free Report) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,808 shares of the company’s stock after selling 12,785 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Jacobs Solutions were worth $7,414,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of J. BlackRock Inc. purchased a new stake in shares of Jacobs Solutions during the second quarter valued at approximately $1,372,610,000. Primecap Management Co. CA acquired a new position in shares of Jacobs Solutions during the second quarter worth $575,291,000. Bank of America Corp DE purchased a new position in shares of Jacobs Solutions in the second quarter valued at $208,318,000. Caisse de depot et placement du Quebec purchased a new position in shares of Jacobs Solutions in the second quarter valued at $118,783,000. Finally, Deutsche Bank AG purchased a new position in shares of Jacobs Solutions in the second quarter valued at $83,490,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Jacobs Solutions Price Performance
J stock opened at $148.80 on Monday. The stock’s 50 day moving average is $144.10 and its two-hundred day moving average is $134.30. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $162.00. The company has a market capitalization of $17.57 billion, a PE ratio of 52.77, a P/E/G ratio of 1.87 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on J shares. Truist Financial lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a report on Monday, October 5th. KeyCorp cut their price objective on shares of Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. UBS Group upped their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Royal Bank Of Canada raised their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $156.78.
View Our Latest Research Report on Jacobs Solutions
Jacobs Solutions Company Profile
Jacobs Solutions Inc is a global professional services company that provides consulting, advisory, engineering, design and project and program management services. Its work spans infrastructure, water, environmental services, transportation, energy and advanced facilities, including projects for life sciences and advanced manufacturing clients.
The company serves public- and private-sector clients in markets around the world. Founded in 1947 by Joseph J. Jacobs, the business grew from an engineering firm into a multinational services provider.
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