Jacobs Solutions (NYSE:J) Upgraded by Raymond James to Outperform

Raymond James upgraded shares of Jacobs Solutions (NYSE:J) from a market perform rating to an outperform rating in a research note published on Friday, Marketbeat Ratings reports. Raymond James currently has $160.00 price objective on the stock.

J has been the topic of a number of other research reports. StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They set a buy rating on the stock. Truist Financial reissued a hold rating and issued a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Royal Bank of Canada lifted their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an outperform rating in a research report on Wednesday, August 7th. Finally, Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an outperform rating on the stock in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of Moderate Buy and an average price target of $161.50.

Jacobs Solutions Price Performance

J stock opened at $137.99 on Friday. The company has a market capitalization of $17.28 billion, a P/E ratio of 26.64, a PEG ratio of 1.70 and a beta of 0.72. The company has a fifty day moving average price of $145.39 and a 200-day moving average price of $143.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions has a 52-week low of $120.71 and a 52-week high of $156.31.

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, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts expect that Jacobs Solutions will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the company’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 completion of the transaction, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at $77,426,029.44. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,516 shares of company stock valued at $2,152,693 over the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors have recently bought and sold shares of the stock. Tlwm boosted its holdings in shares of Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the period. Hudson Edge Investment Partners Inc. lifted its holdings in Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after buying an additional 82 shares during the period. American National Bank grew its position in shares of Jacobs Solutions by 1.4% in the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after buying an additional 88 shares during the last quarter. Global Financial Private Client LLC increased its stake in shares of Jacobs Solutions by 2.6% during the second quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock valued at $551,000 after buying an additional 100 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of Jacobs Solutions by 6.9% during the second quarter. Gabelli Funds LLC now owns 1,550 shares of the company’s stock valued at $217,000 after acquiring an additional 100 shares in the last quarter. 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.