Jacobs Solutions (NYSE:J) PT Raised to $166.00

Jacobs Solutions (NYSE:J) had its price objective boosted by research analysts at Citigroup from $138.60 to $166.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 17.41% from the stock’s current price.

A number of other research firms have also weighed in on J. UBS Group raised their price target 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. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. StockNews.com initiated coverage on Jacobs Solutions in a research report on Wednesday, October 2nd. They set a “buy” rating for the company. Royal Bank of Canada boosted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Truist Financial decreased their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $141.38 on Tuesday. Jacobs Solutions has a twelve month low of $100.59 and a twelve month high of $144.56. The stock’s 50 day moving average is $144.52 and its 200-day moving average is $142.80. 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 firm has a market capitalization of $17.70 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 1.39 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 earnings per share. Sell-side analysts forecast that Jacobs Solutions will post 7.95 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were 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 directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,516 shares of company stock worth $2,152,693. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its holdings in shares of Jacobs Solutions by 8.2% during the 1st 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 during the last quarter. Russell Investments Group Ltd. grew 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 buying an additional 137,213 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after buying an additional 66,002 shares during the period. Everett Harris & Co. CA lifted its stake in shares of Jacobs Solutions by 12.5% in the 1st quarter. Everett Harris & Co. CA now owns 94,266 shares of the company’s stock valued at $14,492,000 after acquiring an additional 10,470 shares during the last quarter. Finally, Duality Advisers LP lifted its stake in shares of Jacobs Solutions by 1,241.6% in the 1st quarter. Duality Advisers LP now owns 25,289 shares of the company’s stock valued at $3,888,000 after acquiring an additional 23,404 shares during 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.