Jacobs Solutions (NYSE:J) PT Lowered to $160.00 at Robert W. Baird

Jacobs Solutions (NYSE:J) had its price target lowered by investment analysts at Robert W. Baird from $163.00 to $160.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 12.68% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Truist Financial reaffirmed a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday. StockNews.com lowered shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd. Citigroup boosted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

Jacobs Solutions Price Performance

NYSE J traded up $1.31 during trading hours on Wednesday, reaching $142.00. The company’s stock had a trading volume of 155,645 shares, compared to its average volume of 658,628. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The company’s 50-day moving average is $141.51 and its two-hundred day moving average is $143.25. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The stock has a market cap of $17.78 billion, a PE ratio of 27.48, a PEG ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.95 by $0.01. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts forecast that Jacobs Solutions will post 7.98 EPS for the current year.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total value of $1,028,160.00. Following the transaction, the insider now owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 21,000 shares of company stock valued at $2,983,750. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Trust Co. NA boosted its position in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after buying an additional 87 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at about $3,622,000. Prime Capital Investment Advisors LLC acquired a new stake in Jacobs Solutions during the 4th quarter valued at approximately $257,000. Stratos Wealth Partners LTD. increased its holdings in Jacobs Solutions by 6.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 9,907 shares of the company’s stock worth $1,286,000 after purchasing an additional 561 shares during the last quarter. Finally, Strategic Blueprint LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at approximately $373,000. 85.65% of the stock is owned by institutional investors and hedge funds.

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.