Jacobs Solutions Inc. $J Stock Sold by Bryn Mawr Trust Advisors LLC

Key Points

• Bryn Mawr Trust Advisors cut its Jacobs Solutions stake by 18.9% in the third quarter, selling 12,785 shares and retaining 54,808 shares valued at about $7.4 million.
• Institutional activity was mixed: several major investors initiated or expanded positions, and institutions and hedge funds collectively own 85.65% of the stock.
• Analysts’ consensus rating is Hold, with an average price target of $156.78. Shares opened at $148.80, within a 12-month range of $105.68 to $162.00.

Bryn Mawr Trust Advisors LLC trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 18.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,808 shares of the company's stock after selling 12,785 shares during the period. Bryn Mawr Trust Advisors LLC's holdings in Jacobs Solutions were worth $7,414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in Jacobs Solutions during the second quarter valued at about $1,372,610,000. Primecap Management Co. CA acquired a new stake in Jacobs Solutions during the second quarter worth about $575,291,000. Pictet Asset Management Holding SA raised its holdings in shares of Jacobs Solutions by 3.7% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,632,104 shares of the company's stock worth $220,782,000 after purchasing an additional 58,623 shares during the period. Bank of America Corp DE purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth about $208,318,000. Finally, Caisse de depot et placement du Quebec purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth about $118,783,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.1%

Shares of Jacobs Solutions stock opened at $148.80 on Monday. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $162.00. The stock has a market cap of $17.57 billion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a fifty day moving average price of $144.10 and a 200 day moving average price of $134.30.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Jacobs Solutions from $181.00 to $188.00 and gave the company a "buy" rating in a research note on Friday, October 23rd. Truist Financial dropped their target price on shares of Jacobs Solutions from $161.00 to $160.00 and set a "hold" rating for the company in a research report on Monday, October 5th. Royal Bank Of Canada increased their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Sunday, August 30th. Finally, Weiss Ratings upgraded shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 17th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $156.78.

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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