Citigroup Boosts Jacobs Solutions (NYSE:J) Price Target to $166.00

Jacobs Solutions (NYSE:J) had its price target increased by Citigroup from $138.60 to $166.00 in a research report sent to investors on Tuesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. StockNews.com initiated coverage on Jacobs Solutions in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Truist Financial dropped their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada upped their target price 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, Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research report on Friday, October 4th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Stock Down 0.7 %

Shares of NYSE J opened at $140.52 on Tuesday. Jacobs Solutions has a 12-month low of $100.59 and a 12-month high of $144.56. The firm’s 50-day simple moving average is $144.30 and its 200 day simple moving average is $142.76. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The company has a market cap of $17.46 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 1.43 and a beta of 0.72.

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, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company 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. Jacobs Solutions’s quarterly revenue was up 1.1% on a year-over-year basis. On average, research analysts expect that Jacobs Solutions will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 22.92%.

Insider Buying and Selling at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the sale, the insider now owns 527,138 shares of the company’s stock, valued at $77,426,029.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,516 shares of company stock valued at $2,152,693. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Several large investors have recently made changes to their positions in the stock. WASHINGTON TRUST Co boosted its position in shares of Jacobs Solutions by 0.4% during the third quarter. WASHINGTON TRUST Co now owns 116,197 shares of the company’s stock worth $15,210,000 after buying an additional 507 shares during the period. Integrated Advisors Network LLC lifted its stake in Jacobs Solutions by 5.6% in the 3rd quarter. Integrated Advisors Network LLC now owns 2,955 shares of the company’s stock valued at $387,000 after acquiring an additional 156 shares in the last quarter. abrdn plc boosted its position in Jacobs Solutions by 7.7% during the 3rd quarter. abrdn plc now owns 65,150 shares of the company’s stock worth $8,547,000 after acquiring an additional 4,634 shares during the last quarter. SFE Investment Counsel grew its stake in shares of Jacobs Solutions by 0.9% during the 3rd quarter. SFE Investment Counsel now owns 37,090 shares of the company’s stock worth $4,855,000 after acquiring an additional 343 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its holdings in shares of Jacobs Solutions by 3.6% in the third quarter. Pallas Capital Advisors LLC now owns 44,478 shares of the company’s stock valued at $6,305,000 after purchasing an additional 1,565 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

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.