Robert W. Baird Trims Jacobs Solutions (NYSE:J) Target Price to $160.00

Jacobs Solutions (NYSE:J) had its price objective lowered by Robert W. Baird from $163.00 to $160.00 in a research report released on Wednesday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages have also recently issued reports on J. Truist Financial reaffirmed a hold rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday. StockNews.com lowered Jacobs Solutions from a strong-buy rating to a buy rating in a research report on Saturday, June 22nd. William Blair lowered Jacobs Solutions from an outperform rating to a market perform rating in a research note on Wednesday, May 8th. Finally, Citigroup lifted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a report on Monday, April 22nd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $158.20.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $1.24 during midday trading on Wednesday, hitting $143.50. 1,008,832 shares of the company were exchanged, compared to its average volume of 672,086. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $154.50. The business has a fifty day simple moving average of $141.80 and a two-hundred day simple moving average of $143.35. The firm has a market capitalization of $17.97 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. On average, sell-side analysts forecast that Jacobs Solutions will post 7.98 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $139.43, for a total value of $976,010.00. Following the completion of the transaction, the insider now owns 541,138 shares in the company, valued at $75,450,871.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 21,000 shares of company stock worth $2,983,750 over the last three months. Insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EdgeRock Capital LLC acquired a new position in Jacobs Solutions during the second quarter worth $26,000. GAMMA Investing LLC purchased a new position in shares of Jacobs Solutions in the 4th quarter valued at about $27,000. Bruce G. Allen Investments LLC grew its position in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares during the period. ICA Group Wealth Management LLC acquired a new stake in shares of Jacobs Solutions during the 4th quarter valued at approximately $30,000. Finally, Union Savings Bank lifted its position in shares of Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after acquiring an additional 125 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.