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

Jacobs Solutions Inc. (NYSE:J) has been given an average recommendation of “Moderate Buy” by the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $159.30.

A number of research analysts have recently weighed in on J shares. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research report on Friday, October 4th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Robert W. Baird cut their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Truist Financial cut their price objective 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. Finally, UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $139.63 on Friday. Jacobs Solutions has a one year low of $100.59 and a one year high of $144.56. The stock’s fifty day moving average is $143.58 and its 200 day moving average is $142.62. The stock has a market cap of $17.35 billion, a P/E ratio of 27.59, a P/E/G ratio of 1.43 and a beta of 0.72. 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 (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.82 earnings per share. Sell-side analysts anticipate that Jacobs Solutions will post 7.95 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed 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. This represents a $1.16 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

Insider Transactions at Jacobs Solutions

In other news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,516 shares of company stock valued at $1,124,533. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds have recently added to or reduced their stakes in J. Boston Partners boosted its holdings in Jacobs Solutions by 27.9% in 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 during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock valued at $58,550,000 after purchasing an additional 411,123 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its position 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 acquiring an additional 192,166 shares during the period. Russell Investments Group Ltd. raised its position in shares of Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after acquiring an additional 137,213 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Jacobs Solutions by 7,306.2% in the first quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after acquiring an additional 136,187 shares during the period. 85.65% of the stock is owned by hedge funds and other 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.