Jacobs Solutions (NYSE:J) Shares Gap Down to $155.53

Jacobs Solutions Inc. (NYSE:J)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $155.53, but opened at $131.18. Jacobs Solutions shares last traded at $131.12, with a volume of 59,088 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have commented on J shares. Robert W. Baird lowered their price objective on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial restated a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Finally, StockNews.com started coverage on Jacobs Solutions in a research report on Tuesday, September 24th. They set a “buy” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.67.

Jacobs Solutions Stock Down 15.6 %

The business’s 50 day moving average price is $146.56 and its 200-day moving average price is $144.23. 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 has a market capitalization of $16.43 billion, a PE ratio of 25.36, a P/E/G ratio of 1.70 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.39%.

Insiders Place Their Bets

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value 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 approximately $3,688,038.96. The disclosure for this sale can be found here. Insiders have sold 14,516 shares of company stock worth $2,152,693 over the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Jacobs Solutions in the second quarter valued at approximately $1,467,000. Old North State Trust LLC grew its holdings 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 worth $379,000 after purchasing an additional 211 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 626 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jacobs Solutions by 218.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,043 shares of the company’s stock valued at $2,521,000 after purchasing an additional 12,381 shares during the last quarter. Finally, Creative Planning boosted its position in shares of 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 currently owned by institutional investors and hedge funds.

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.