Short Interest in Jacobs Solutions Inc. (NYSE:J) Expands By 33.3%

Jacobs Solutions Inc. (NYSE:J) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 2,080,000 shares, a growth of 33.3% from the December 31st total of 1,560,000 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 748,000 shares, the days-to-cover ratio is currently 2.8 days.

Jacobs Solutions Stock Up 1.9 %

J stock traded up $2.57 during trading on Thursday, hitting $139.83. 529,740 shares of the company’s stock traded hands, compared to its average volume of 623,756. The business has a fifty day simple moving average of $136.65 and a two-hundred day simple moving average of $141.52. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $17.34 billion, a P/E ratio of 22.06, a PEG ratio of 2.14 and a beta of 0.72. Jacobs Solutions has a 1 year low of $110.95 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share 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 company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the company earned $1.90 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Jacobs Solutions will post 6.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Heritage Family Offices LLP grew its position in Jacobs Solutions by 55.7% during the 4th quarter. Heritage Family Offices LLP now owns 14,912 shares of the company’s stock worth $1,993,000 after purchasing an additional 5,332 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jacobs Solutions by 12.2% during the third quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock valued at $56,778,000 after buying an additional 47,211 shares during the last quarter. Occidental Asset Management LLC increased its position in shares of Jacobs Solutions by 11.7% in the 4th quarter. Occidental Asset Management LLC now owns 25,045 shares of the company’s stock valued at $3,347,000 after acquiring an additional 2,619 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Jacobs Solutions in the 3rd quarter worth $3,205,000. Finally, Point72 Asset Management L.P. acquired a new stake in Jacobs Solutions during the 3rd quarter worth about $1,756,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

J has been the subject of a number of research analyst reports. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a “hold” rating for the company. Robert W. Baird boosted their target price on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. Finally, Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research note on Wednesday. Six research 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, the company has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Jacobs Solutions Company 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.