Jacobs Solutions (NYSE:J) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the stock.

Several other equities research analysts also recently weighed in on the company. Robert W. Baird raised their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday. Truist Financial cut their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Trading Up 0.2 %

Shares of J stock opened at $138.27 on Wednesday. The stock’s fifty day moving average price is $140.78 and its two-hundred day moving average price is $142.39. The company has a market cap of $17.14 billion, a PE ratio of 21.84, a P/E/G ratio of 2.11 and a beta of 0.70. Jacobs Solutions has a fifty-two week low of $104.90 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same period last year, the business earned $1.90 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 18.33%.

Institutional Trading of Jacobs Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in J. EdgeRock Capital LLC bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC increased its position in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP increased its holdings in Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Jacobs Solutions during the 3rd quarter worth approximately $42,000. 85.65% of the stock is owned by institutional investors.

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.