Jacobs Solutions (NYSE:J) Lowered to “Buy” at StockNews.com

Jacobs Solutions (NYSE:J) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also commented on the stock. Truist Financial decreased their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Citigroup boosted their target price on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. William Blair lowered shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Bank of America boosted their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Argus boosted their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.82.

Jacobs Solutions Stock Performance

NYSE:J opened at $140.96 on Friday. The firm’s fifty day moving average price is $140.77 and its 200 day moving average price is $140.02. Jacobs Solutions has a 1-year low of $114.09 and a 1-year high of $154.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $17.65 billion, a price-to-earnings ratio of 27.21, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. The firm had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. Jacobs Solutions’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS. On average, sell-side analysts expect that Jacobs Solutions will post 7.98 EPS for the current year.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now directly owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,000 shares of company stock valued at $3,503,195. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SRN Advisors LLC increased its stake in shares of Jacobs Solutions by 5.0% during the 1st quarter. SRN Advisors LLC now owns 6,728 shares of the company’s stock valued at $1,034,000 after acquiring an additional 320 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Jacobs Solutions by 1,794.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,240 shares of the company’s stock worth $465,000 after purchasing an additional 3,069 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Jacobs Solutions by 7,306.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after purchasing an additional 136,187 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in shares of Jacobs Solutions by 1.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 22,850 shares of the company’s stock worth $3,505,000 after purchasing an additional 359 shares during the period. Finally, Boston Partners grew its holdings in shares of Jacobs Solutions by 27.9% during the 1st quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after purchasing an additional 805,657 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.