Jacobs Solutions Inc. (NYSE:J) Receives Average Recommendation of “Moderate Buy” from Analysts

Jacobs Solutions Inc. (NYSE:J) has earned a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $159.30.

Several research firms have commented on J. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Citigroup boosted their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a research note on Friday, October 4th.

Insider Buying and Selling

In related news, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s 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 sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,516 shares of company stock worth $1,124,533 in the last ninety days. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in the second 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. Capital Performance Advisors LLP bought a new position in shares of Jacobs Solutions in the third quarter valued at $42,000. Central Pacific Bank Trust Division bought a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. Finally, LRI Investments LLC bought a new position in shares of Jacobs Solutions in the first quarter valued at $48,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Up 4.2 %

Shares of Jacobs Solutions stock opened at $147.62 on Friday. The stock has a market cap of $18.34 billion, a P/E ratio of 29.17, a P/E/G ratio of 1.41 and a beta of 0.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 12-month low of $100.59 and a 12-month high of $148.89. The business’s 50 day moving average is $143.17 and its 200-day moving average is $142.59.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. 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 EPS. Jacobs Solutions’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Jacobs Solutions will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio (DPR) is 22.92%.

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.