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

Shares of Jacobs Solutions Inc. (NYSE:J) have earned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $161.50.

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Raymond James raised 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 report on Friday. Truist Financial restated a “hold” rating and set a $158.00 price objective (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th. Robert W. Baird cut their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group boosted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th.

Insider Activity

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated 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 in the company, valued at $3,688,038.96. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the 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 completion of the transaction, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Jacobs Solutions

Hedge funds have recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new position in Jacobs Solutions during the second quarter worth about $26,000. Bruce G. Allen Investments LLC grew its holdings 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 worth $29,000 after acquiring an additional 171 shares during the period. Quarry LP grew its holdings in shares of Jacobs Solutions by 108.9% during the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after acquiring an additional 159 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $48,000. Finally, LRI Investments LLC purchased a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $48,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

J opened at $137.99 on Tuesday. The company’s 50 day simple moving average is $145.39 and its 200 day simple moving average is $143.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions has a 1 year low of $120.71 and a 1 year high of $156.31. The stock has a market capitalization of $17.28 billion, a PE ratio of 26.64, a P/E/G ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion for 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 business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. As a group, sell-side analysts expect that Jacobs Solutions will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared 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 of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.84%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

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.