Jacobs Solutions (NYSE:J) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Jacobs Solutions (NYSE:J) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.

Several other analysts have also weighed in on J. Truist Financial reaffirmed a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and eight 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 $161.67.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $148.34 on Tuesday. The business has a fifty day moving average price of $146.20 and a two-hundred day moving average price of $144.09. The stock has a market capitalization of $18.57 billion, a PE ratio of 28.64, a P/E/G ratio of 1.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $154.50.

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 during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, equities analysts predict that Jacobs Solutions will post 7.97 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,516 shares of company stock worth $3,132,273. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several institutional investors and hedge funds have recently modified their holdings of J. Sanctuary Advisors LLC purchased a new stake in Jacobs Solutions in the 2nd quarter valued at about $1,467,000. Old North State Trust LLC increased its position in shares of Jacobs Solutions by 8.4% during the second quarter. Old North State Trust LLC now owns 2,711 shares of the company’s stock valued at $379,000 after acquiring an additional 211 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Jacobs Solutions by 43.2% during the second quarter. EP Wealth Advisors LLC now owns 2,075 shares of the company’s stock worth $290,000 after acquiring an additional 626 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Jacobs Solutions by 218.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock worth $2,521,000 after purchasing an additional 12,381 shares during the last quarter. Finally, Creative Planning grew its stake in Jacobs Solutions by 2.1% in the 2nd quarter. Creative Planning now owns 31,752 shares of the company’s stock valued at $4,436,000 after purchasing an additional 643 shares during the period. 85.65% of the stock is owned by hedge funds and other 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.