Jacobs Solutions (NYSE:J) Given Hold Rating at Truist Financial

Truist Financial reaffirmed their hold rating on shares of Jacobs Solutions (NYSE:J) in a report released on Wednesday morning, Benzinga reports. They currently have a $158.00 target price on the stock, up from their previous target price of $153.00.

Several other brokerages also recently weighed in on J. Robert W. Baird cut their price target on shares of Jacobs Solutions from $168.00 to $163.00 and set an outperform rating on the stock in a report on Wednesday, May 8th. StockNews.com cut shares of Jacobs Solutions from a strong-buy rating to a buy rating in a report on Saturday, June 22nd. William Blair lowered shares of Jacobs Solutions from an outperform rating to a market perform rating in a report on Wednesday, May 8th. Finally, Citigroup increased their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of Moderate Buy and an average price target of $157.55.

Jacobs Solutions Stock Up 2.0 %

Shares of J stock traded up $2.84 during trading hours on Wednesday, reaching $142.26. 1,354,854 shares of the company’s stock were exchanged, compared to its average volume of 669,267. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The stock’s 50 day moving average is $141.62 and its 200-day moving average is $143.22. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market cap of $17.81 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 1.67 and a beta of 0.70.

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

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the transaction, the insider now owns 534,138 shares in the company, valued at approximately $74,747,271.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 21,000 shares of company stock valued at $2,983,750. 1.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently modified their holdings of the business. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter valued at $27,000. Bruce G. Allen Investments LLC lifted its stake in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in Jacobs Solutions during the 4th quarter worth about $30,000. Finally, Union Savings Bank boosted its holdings in Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after acquiring an additional 125 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

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.