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

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

A number of other brokerages also recently weighed in on J. Royal Bank of Canada upped their price target on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock. Truist Financial lowered their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research note on Friday, October 4th. Finally, 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. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $159.30.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $141.75 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $17.75 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 1.39 and a beta of 0.72. Jacobs Solutions has a twelve month low of $100.59 and a twelve month high of $144.56. The company has a 50-day simple moving average of $144.52 and a two-hundred day simple moving average of $142.80.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. Analysts forecast that Jacobs Solutions will post 7.95 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the sale, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the transaction, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction on 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 directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of Jacobs Solutions by 4.0% in the 4th quarter. Wellington Management Group LLP now owns 63,447 shares of the company’s stock valued at $8,235,000 after acquiring an additional 2,437 shares in the last quarter. Fisher Asset Management LLC bought a new stake in Jacobs Solutions in the fourth quarter valued at $209,000. Park Avenue Securities LLC raised its holdings in shares of Jacobs Solutions by 16.4% during the first quarter. Park Avenue Securities LLC now owns 6,618 shares of the company’s stock valued at $1,017,000 after purchasing an additional 934 shares during the period. Investment Partners LTD. bought a new position in shares of Jacobs Solutions during the 1st quarter worth about $272,000. Finally, Occidental Asset Management LLC grew its stake in shares of Jacobs Solutions by 17.8% in the 1st quarter. Occidental Asset Management LLC now owns 19,472 shares of the company’s stock valued at $2,993,000 after buying an additional 2,945 shares during the period. 85.65% of the stock is owned by 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.