StockNews.com Begins Coverage on Jacobs Solutions (NYSE:J)

StockNews.com started coverage on shares of Jacobs Solutions (NYSE:J) in a research report report published on Monday. The brokerage issued a buy rating on the stock.

A number of other analysts have also weighed in on J. Truist Financial decreased their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a report on Wednesday, October 9th. 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. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. UBS Group lifted their price target on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada upped 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. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.89.

Jacobs Solutions Stock Up 2.5 %

Shares of NYSE J opened at $135.82 on Monday. The stock has a market capitalization of $16.88 billion, a P/E ratio of 21.46, a P/E/G ratio of 2.04 and a beta of 0.71. Jacobs Solutions has a 1 year low of $100.59 and a 1 year high of $150.54. The company has a 50-day moving average price of $142.25 and a 200-day moving average price of $142.37. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last announced 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). The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period last year, the business posted $1.90 EPS. On average, equities research analysts forecast that Jacobs Solutions will post 6 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, October 25th. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Insiders Place Their Bets

In other news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. This represents a 14.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was 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 owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Institutional investors and hedge funds have recently modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the 2nd quarter valued at approximately $26,000. Bruce G. Allen Investments LLC grew its stake in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Quarry LP lifted its stake in Jacobs Solutions by 394.9% in 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, LRI Investments LLC purchased a new position in shares of Jacobs Solutions during the first quarter valued at about $48,000. 85.65% of the stock is currently owned by institutional investors.

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.