Jacobs Solutions (NYSE:J) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Jacobs Solutions (NYSE:J) in a research note released on Tuesday morning. The firm issued a buy rating on the stock.

A number of other analysts also recently commented on the company. Citigroup dropped their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. UBS Group upped their price target on 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 reduced their price objective 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. Royal Bank of Canada dropped their target price on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Finally, Raymond James raised 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 research report on Friday, October 4th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Stock Performance

NYSE J opened at $141.21 on Tuesday. The business’s 50-day moving average price is $141.67 and its 200 day moving average price is $142.31. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Jacobs Solutions has a twelve month low of $101.64 and a twelve month high of $150.54. The company has a market capitalization of $17.55 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 2.10 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $4.50 billion. During the same period in the prior year, the business posted $1.90 earnings per share. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. On average, research analysts predict that Jacobs Solutions will post 6.06 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio (DPR) is 18.33%.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bayesian Capital Management LP acquired a new position in Jacobs Solutions in the first quarter worth $282,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Jacobs Solutions by 1.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,503 shares of the company’s stock valued at $2,691,000 after buying an additional 288 shares during the period. California State Teachers Retirement System raised its stake in Jacobs Solutions by 1.5% during the first quarter. California State Teachers Retirement System now owns 206,216 shares of the company’s stock worth $31,702,000 after acquiring an additional 2,978 shares during the period. Tidal Investments LLC lifted its holdings in Jacobs Solutions by 62.0% in the first quarter. Tidal Investments LLC now owns 16,647 shares of the company’s stock worth $2,559,000 after acquiring an additional 6,371 shares during the last quarter. Finally, Comerica Bank boosted its stake in Jacobs Solutions by 2.2% in the first quarter. Comerica Bank now owns 38,525 shares of the company’s stock valued at $5,923,000 after acquiring an additional 843 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

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.