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Aristotle Capital: “Jacobs (J) is Now Well-Positioned to Benefit From Several Attractive Secular Trends”

·2 min read

Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Small/Mid Cap Equity Composite Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, the Aristotle Small/Mid Cap Equity Composite generated a total return of -4.38% gross of fees (-4.52% net of fees), outperforming the -5.82% total return of the Russell 2500 Index. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Aristotle Capital Management Small/Mid Cap Equity Fund mentioned Jacobs Engineering Group Inc. (NYSE:J) and explained its insights for the company. Founded in 1947, Jacobs Engineering Group Inc. (NYSE:J) is a Dallas, Texas-based international technical professional services firm with an $18 billion market capitalization. Jacobs Engineering Group Inc. (NYSE:J) delivered a 0.60% return since the beginning of the year, while its 12-month returns are down by -1.42%. The stock closed at $140.06 per share on May 27, 2022.

Here is what Aristotle Capital Management Small Cap Equity has to say about Jacobs Engineering Group Inc. (NYSE:J) in its Q1 2022 investor letter:

"Jacobs Engineering Group (NYSE:Jis a professional services firm focused on engineering and government services that is in the early stages of transforming its business strategy by divesting several capital-intensive cyclical businesses in favor of asset-light engineering and consulting businesses. We believe the company is now well-positioned to benefit from several attractive secular trends, including environmental, defense and intelligence spending by government and business customers."

Our calculations show that Jacobs Engineering Group Inc. (NYSE:J) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Jacobs Engineering Group Inc. (NYSE:J) was in 28 hedge fund portfolios at the end of the first quarter of 2022, compared to 31 funds in the previous quarter. Jacobs Engineering Group Inc. (NYSE:J) delivered a 13.69% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.