Jacobs Solutions Inc. (NYSE:J) Receives Average Recommendation of “Moderate Buy” from Analysts

Jacobs Solutions Inc. (NYSE:J) has been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $156.82.

Several research analysts have weighed in on J shares. Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Truist Financial lowered their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Finally, StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 22nd.

Insider Buying and Selling at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $145.31, for a total transaction of $217,965.00. Following the transaction, the chief financial officer now owns 231,604 shares in the company, valued at $33,654,377.24. The disclosure for this sale can be found here. Insiders have sold 24,000 shares of company stock worth $3,503,195 over the last three months. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its stake in Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after buying an additional 75 shares during the period. Private Trust Co. NA grew its stake in shares of Jacobs Solutions by 17.8% during the 4th quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares during the period. Souders Financial Advisors grew its stake in shares of Jacobs Solutions by 2.3% during the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company’s stock worth $565,000 after purchasing an additional 96 shares during the period. Pinnacle Financial Partners Inc grew its stake in shares of Jacobs Solutions by 4.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company’s stock worth $342,000 after purchasing an additional 105 shares during the period. Finally, NBC Securities Inc. grew its stake in shares of Jacobs Solutions by 5.0% during the 4th quarter. NBC Securities Inc. now owns 2,512 shares of the company’s stock worth $326,000 after purchasing an additional 119 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 0.2 %

Shares of J opened at $139.71 on Friday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions has a 12-month low of $116.00 and a 12-month high of $154.50. The firm has a 50-day moving average price of $140.39 and a 200 day moving average price of $140.43. The firm has a market capitalization of $17.49 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.61 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Jacobs Solutions’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Jacobs Solutions will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were paid a $0.29 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 0.83%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

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.