Jacobs Solutions (NYSE:J) Now Covered by Analysts 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.

Several other equities analysts have also recently issued reports on J. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Truist Financial lowered their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Royal Bank of Canada lowered their price target on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Finally, Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $140.69 on Tuesday. The firm has a market cap of $17.48 billion, a P/E ratio of 22.23, a PEG ratio of 2.07 and a beta of 0.71. Jacobs Solutions has a twelve month low of $101.64 and a twelve month high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $141.92 and a 200 day moving average of $142.32.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share 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 business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the firm earned $1.90 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Jacobs Solutions will post 6.07 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Insider Transactions at Jacobs Solutions

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares in the company, valued at approximately $6,346,108.65. This trade represents a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shelette M. Gustafson sold 4,167 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EdgeRock Capital LLC purchased a new stake in shares of Jacobs Solutions in the second quarter worth about $26,000. Bruce G. Allen Investments LLC increased its stake 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 acquiring an additional 171 shares during the last quarter. First Horizon Advisors Inc. raised its position in Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after purchasing an additional 74 shares during the period. Quarry LP lifted its stake in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth approximately $42,000. 85.65% of the stock is currently owned by institutional investors.

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.