Pinnacle Bancorp Inc. Buys 300 Shares of Jacobs Solutions Inc. (NYSE:J)

Pinnacle Bancorp Inc. raised its stake in Jacobs Solutions Inc. (NYSE:J) by 11.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,009 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in Jacobs Solutions were worth $402,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Geode Capital Management LLC lifted its position in Jacobs Solutions by 2.4% during the third quarter. Geode Capital Management LLC now owns 3,145,665 shares of the company’s stock valued at $410,444,000 after buying an additional 73,566 shares during the period. Dimensional Fund Advisors LP boosted its stake in Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after acquiring an additional 127,605 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Jacobs Solutions by 3.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company’s stock worth $143,263,000 after purchasing an additional 32,650 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Jacobs Solutions by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 760,516 shares of the company’s stock worth $99,552,000 after acquiring an additional 14,405 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $136.14 on Thursday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 12-month low of $108.19 and a 12-month high of $150.54. The business’s 50 day moving average is $137.42 and its two-hundred day moving average is $141.52. The company has a market capitalization of $16.88 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.00 and a beta of 0.72.

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

Analysts Set New Price Targets

J has been the subject of several analyst reports. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. StockNews.com started coverage on shares of Jacobs Solutions in a report on Wednesday, December 4th. They issued a “hold” rating on the stock. Truist Financial boosted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a report on Thursday, December 19th. The Goldman Sachs Group reissued a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Finally, Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.11.

About Jacobs Solutions

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.