Jacobs Solutions Inc. (NYSE:J) Receives $161.50 Average PT from Brokerages

Jacobs Solutions Inc. (NYSE:J) has received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $159.60.

A number of equities analysts have weighed in on J shares. UBS Group upped their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock. Truist Financial reduced their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $138.46 on Tuesday. The firm has a 50 day moving average of $144.64 and a 200 day moving average of $143.33. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Jacobs Solutions has a 12-month low of $120.71 and a 12-month high of $156.31.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 earnings per share. On average, research analysts anticipate that Jacobs Solutions will post 7.95 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions’s payout ratio is presently 22.92%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the sale, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the sale, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. 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 worth $2,152,693 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions during the second quarter worth about $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares during the period. Quarry LP lifted its holdings in Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after acquiring an additional 159 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Jacobs Solutions in the first quarter worth approximately $48,000. Finally, LRI Investments LLC purchased a new position in Jacobs Solutions in the first quarter worth approximately $48,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Company Profile

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.