Moseley Investment Management Inc. Sells 537 Shares of Jacobs Solutions Inc. (NYSE:J)

Moseley Investment Management Inc. lowered its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 8.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,556 shares of the company’s stock after selling 537 shares during the period. Moseley Investment Management Inc.’s holdings in Jacobs Solutions were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Quarry LP boosted its holdings in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after buying an additional 233 shares during the period. Capital Performance Advisors LLP purchased a new position in Jacobs Solutions in the 3rd quarter valued at approximately $42,000. True Wealth Design LLC bought a new stake in Jacobs Solutions during the 3rd quarter valued at $44,000. Finally, GAMMA Investing LLC lifted its position in shares of Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE J opened at $135.10 on Wednesday. Jacobs Solutions Inc. has a 52-week low of $108.19 and a 52-week high of $150.54. The company has a fifty day moving average of $137.42 and a 200-day moving average of $141.52. The company has a market capitalization of $16.75 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period last year, the firm earned $1.90 EPS. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analyst Ratings Changes

J has been the subject of several recent research reports. Robert W. Baird lifted their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group reiterated a “neutral” rating and set a $150.00 price target on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Truist Financial raised their price objective on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Finally, StockNews.com assumed coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating for the company. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.11.

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.