Jacobs Solutions (NYSE:J) Cut to “Hold” at Benchmark

Benchmark downgraded shares of Jacobs Solutions (NYSE:J) from a buy rating to a hold rating in a report issued on Wednesday morning, Marketbeat reports.

Other equities research analysts also recently issued reports about the stock. Truist Financial lowered their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. UBS Group lifted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. StockNews.com initiated coverage on Jacobs Solutions in a research note on Monday, November 18th. They set a “buy” rating on the stock. Citigroup increased their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Robert W. Baird lifted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Jacobs Solutions Trading Up 1.4 %

Shares of NYSE:J opened at $137.36 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $17.07 billion, a PE ratio of 21.70, a P/E/G ratio of 2.04 and a beta of 0.71. Jacobs Solutions has a 12-month low of $101.64 and a 12-month high of $150.54. The business’s fifty day simple moving average is $142.11 and its 200-day simple moving average is $142.29.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period in the previous year, the firm earned $1.90 EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts predict that Jacobs Solutions will post 6.08 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was 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 18.33%.

Insider Activity

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following 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 14.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares of the company’s stock, 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. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its position in Jacobs Solutions by 151.2% in the third quarter. Virtu Financial LLC now owns 4,675 shares of the company’s stock valued at $612,000 after buying an additional 2,814 shares during the last quarter. TCW Group Inc. raised its stake in shares of Jacobs Solutions by 36.7% in the 3rd quarter. TCW Group Inc. now owns 15,569 shares of the company’s stock valued at $2,038,000 after acquiring an additional 4,180 shares during the period. Toronto Dominion Bank lifted its holdings in shares of Jacobs Solutions by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 62,721 shares of the company’s stock worth $8,210,000 after acquiring an additional 7,943 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Jacobs Solutions during the 3rd quarter worth approximately $2,402,000. Finally, Coldstream Capital Management Inc. increased its holdings in Jacobs Solutions by 19.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,464 shares of the company’s stock valued at $324,000 after purchasing an additional 409 shares during the last quarter. 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.