StockNews.com Initiates Coverage on Jacobs Solutions (NYSE:J)

Analysts at StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J) in a report released on Monday. The firm set a “buy” rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Truist Financial cut their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Robert W. Baird decreased their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada upped their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Citigroup increased their price target on Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Raymond James raised 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $159.30.

Jacobs Solutions Stock Down 4.8 %

J stock opened at $133.56 on Monday. The firm has a market cap of $16.59 billion, a PE ratio of 26.40, a PEG ratio of 1.57 and a beta of 0.71. Jacobs Solutions has a one year low of $100.59 and a one year high of $150.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The firm’s 50 day moving average price is $142.57 and its 200-day moving average price is $142.48.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the previous year, the company earned $1.90 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Jacobs Solutions will post 7.02 EPS for the current year.

Insider Buying and Selling

In other news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions 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 $3,688,038.96. The trade was a 14.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

A number of large investors have recently made changes to their positions in J. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions in the 2nd quarter worth approximately $26,000. Bruce G. Allen Investments LLC grew its position in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. grew its position in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Quarry LP increased its stake in Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Jacobs Solutions during the third quarter worth about $42,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.