Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Jacobs Solutions Inc. (NYSE:J) have been assigned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $160.40.

Several brokerages recently issued reports on J. William Blair cut Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Truist Financial reiterated a “hold” rating and issued a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. StockNews.com cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, UBS Group boosted their price objective 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.

Jacobs Solutions Trading Up 0.3 %

NYSE J opened at $149.00 on Monday. The firm’s fifty day moving average price is $143.37 and its 200 day moving average price is $144.00. 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 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $18.66 billion, a price-to-earnings ratio of 28.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. On average, sell-side analysts expect that Jacobs Solutions will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $139.94, for a total transaction of $979,580.00. Following the sale, the insider now owns 534,138 shares in the company, valued at $74,747,271.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at approximately $3,911,670.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction 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 sale, the insider now owns 534,138 shares of the company’s stock, valued at $74,747,271.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,451 shares of company stock valued at $3,196,336. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at about $3,622,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $59,000. Louisiana State Employees Retirement System acquired a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $986,000. SVB Wealth LLC purchased a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $210,000. Finally, Daiwa Securities Group Inc. lifted its position in Jacobs Solutions by 9.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 22,589 shares of the company’s stock worth $2,932,000 after acquiring an additional 1,959 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.