Jacobs Solutions Inc. (NYSE:J) Receives $160.40 Average PT from Analysts

Jacobs Solutions Inc. (NYSE:J) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $161.67.

Several equities analysts recently weighed in on J shares. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group boosted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Robert W. Baird lowered their target price on 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 lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Finally, Truist Financial restated a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a report on Wednesday, August 7th.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $149.46 on Friday. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 28.85, a price-to-earnings-growth ratio of 1.63 and a beta of 0.72. Jacobs Solutions has a 12 month low of $120.71 and a 12 month high of $154.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $146.04 and its 200-day moving average is $144.12.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Jacobs Solutions’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts anticipate that Jacobs Solutions will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, July 26th. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Insider Activity

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the completion of the transaction, the insider now owns 534,138 shares in the company, valued at approximately $74,747,271.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,516 shares of company stock worth $3,132,273. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Jacobs Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in J. EdgeRock Capital LLC bought a new position in Jacobs Solutions during the 2nd quarter worth $26,000. Bruce G. Allen Investments LLC boosted its holdings in shares of 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 during the period. ICA Group Wealth Management LLC bought a new position in shares of Jacobs Solutions during the fourth quarter worth about $30,000. Union Savings Bank increased its holdings in shares of Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares during the period. Finally, Quarry LP lifted its position in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after purchasing an additional 159 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.