Citigroup Increases Jacobs Solutions (NYSE:J) Price Target to $166.00

Jacobs Solutions (NYSE:J) had its target price hoisted by Citigroup from $138.60 to $166.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

J has been the topic of several other reports. Royal Bank of Canada raised their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a report on Friday, October 4th. Robert W. Baird decreased 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 note on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock. Finally, Truist Financial reduced their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Trading Up 0.3 %

NYSE:J opened at $141.75 on Tuesday. 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 one year low of $100.59 and a one year high of $144.56. The company has a market cap of $17.75 billion, a PE ratio of 27.36, a PEG ratio of 1.39 and a beta of 0.72. The firm has a 50-day moving average of $144.52 and a 200-day moving average of $142.80.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data 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 firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the company posted $1.82 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Jacobs Solutions will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company 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 dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.82%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Transactions at Jacobs Solutions

In other news, 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 completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions 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 transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William B. Allen, Jr. sold 1,451 shares of the 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 sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is owned by company insiders.

Institutional Trading of Jacobs Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. EdgeRock Capital LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC raised its position in shares of Jacobs Solutions by 427.5% during the 2nd 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. Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions during the 1st quarter worth $48,000. LRI Investments LLC bought a new position in Jacobs Solutions in the first quarter valued at $48,000. Finally, GAMMA Investing LLC raised its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after purchasing an additional 145 shares in the last quarter. 85.65% of the stock is currently 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.