Jacobs Solutions (NYSE:J) Price Target Cut to $152.00 by Analysts at Royal Bank of Canada

Jacobs Solutions (NYSE:J) had its price objective decreased by Royal Bank of Canada from $167.00 to $152.00 in a research note published on Thursday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities analysts also recently issued reports on the company. StockNews.com started coverage on Jacobs Solutions in a research report on Monday. They issued a “buy” rating for the company. Benchmark cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday. Robert W. Baird upped their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, 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 report on Wednesday, October 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and an average price target of $156.89.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $0.15 on Thursday, hitting $135.58. 85,771 shares of the company were exchanged, compared to its average volume of 804,771. The company’s 50 day moving average price is $142.25 and its two-hundred day moving average price is $142.37. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 2.04 and a beta of 0.71. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.14 and a current ratio of 1.20. Jacobs Solutions has a one year low of $101.64 and a one year high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.90 earnings per share. Research analysts expect that Jacobs Solutions will post 6 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be paid a $0.29 dividend. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.86%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 18.33%.

Insider Activity

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of J. Boston Partners boosted its stake in shares of Jacobs Solutions by 27.9% during the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after purchasing an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Jacobs Solutions by 5,170.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after acquiring an additional 411,123 shares during the period. Sessa Capital IM L.P. bought a new position in shares of Jacobs Solutions during the third quarter valued at $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Jacobs Solutions by 7,306.2% in the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock valued at $21,223,000 after purchasing an additional 136,187 shares during the period. 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.