Jacobs Solutions (NYSE:J) Earns Buy Rating from Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Jacobs Solutions (NYSE:J) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.

Several other brokerages also recently weighed in on J. Royal Bank of Canada raised 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. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Truist Financial restated a “hold” rating and issued a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Finally, Robert W. Baird dropped their target price 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.67.

Jacobs Solutions Stock Up 0.9 %

Shares of NYSE J opened at $132.07 on Wednesday. The company has a market cap of $16.54 billion, a price-to-earnings ratio of 25.50, a PEG ratio of 1.70 and a beta of 0.72. Jacobs Solutions has a 52 week low of $120.71 and a 52 week high of $156.31. The firm’s fifty day moving average is $145.80 and its 200 day moving average is $143.98. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31.

Jacobs Solutions (NYSE:J) last released its quarterly 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 during the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Jacobs Solutions’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions will post 7.98 earnings per share for the current year.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated 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 directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the 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 completion of the sale, the insider now directly owns 527,138 shares in the company, valued at $77,426,029.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in Jacobs Solutions by 7.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after acquiring an additional 2,836 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after purchasing an additional 10,542 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Jacobs Solutions by 90.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 18,623 shares of the company’s stock valued at $2,417,000 after purchasing an additional 8,848 shares in the last quarter. Armstrong Henry H Associates Inc. bought a new position in shares of Jacobs Solutions during the first quarter valued at approximately $2,626,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Jacobs Solutions by 305.4% during the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after purchasing an additional 137,213 shares in the last quarter. 85.65% of the stock is currently owned by 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.