Jacobs Solutions (NYSE:J) Receives “Neutral” Rating from The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of Jacobs Solutions (NYSE:J) in a research note issued to investors on Tuesday morning, Marketbeat reports. They currently have a $150.00 price objective on the stock.

Several other analysts have also recently issued reports on J. Citigroup cut their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Robert W. Baird raised their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. UBS Group raised their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $155.78.

Jacobs Solutions Price Performance

J stock opened at $136.02 on Tuesday. The stock’s 50 day moving average is $140.28 and its two-hundred day moving average is $142.32. Jacobs Solutions has a 52-week low of $104.90 and a 52-week high of $150.54. The company has a market capitalization of $16.86 billion, a PE ratio of 21.49, a P/E/G ratio of 2.08 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.30.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.90 earnings per share. Analysts predict that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, October 25th. Jacobs Solutions’s payout ratio is currently 18.33%.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in J. Wealth Enhancement Advisory Services LLC lifted its stake in Jacobs Solutions by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 118,347 shares of the company’s stock valued at $16,534,000 after purchasing an additional 473 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth $392,000. Wedge Capital Management L L P NC grew its holdings in shares of Jacobs Solutions by 0.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 89,022 shares of the company’s stock worth $12,437,000 after acquiring an additional 484 shares during the last quarter. Mcdonald Partners LLC raised its position in shares of Jacobs Solutions by 2.2% during the second quarter. Mcdonald Partners LLC now owns 6,926 shares of the company’s stock worth $968,000 after purchasing an additional 150 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Jacobs Solutions by 3.6% during the second quarter. Assenagon Asset Management S.A. now owns 3,401 shares of the company’s stock valued at $475,000 after purchasing an additional 119 shares during the last quarter. 85.65% of the stock is currently 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.