Analysts’ Weekly Ratings Updates for Jacobs Solutions (J)

Jacobs Solutions (NYSE: J) recently received a number of ratings updates from brokerages and research firms:

• 11/21/2024 – Jacobs Solutions had its price target lowered by analysts at Royal Bank of Canada from $167.00 to $152.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Jacobs Solutions had its price target raised by analysts at Robert W. Baird from $147.00 to $149.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Jacobs Solutions was downgraded by analysts at Benchmark Co. from a “buy” rating to a “hold” rating.
• 11/20/2024 – Jacobs Solutions had its price target lowered by analysts at Citigroup Inc. from $166.00 to $161.00. They now have a “buy” rating on the stock.
• 11/18/2024 – Jacobs Solutions is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 10/31/2024 – Jacobs Solutions was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/22/2024 – Jacobs Solutions was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
• 10/22/2024 – Jacobs Solutions had its price target raised by analysts at Citigroup Inc. from $138.60 to $166.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Jacobs Solutions had its price target lowered by analysts at Truist Financial Co. from $158.00 to $139.00. They now have a “hold” rating on the stock.
• 10/4/2024 – Jacobs Solutions was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $160.00 price target on the stock.
• 10/2/2024 – Jacobs Solutions is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Jacobs Solutions Stock Up 1.3 %

Shares of NYSE:J traded up $1.84 during trading on Monday, reaching $139.20. The stock had a trading volume of 580,208 shares, compared to its average volume of 806,292. Jacobs Solutions Inc. has a one year low of $101.64 and a one year high of $150.54. The firm’s 50-day simple moving average is $142.11 and its 200 day simple moving average is $142.32. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $17.30 billion, a P/E ratio of 21.99, a PEG ratio of 2.07 and a beta of 0.71.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the firm earned $1.90 earnings per share. Jacobs Solutions’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that Jacobs Solutions Inc. will post 6.07 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is currently 18.33%.

Insiders Place Their Bets

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the sale, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Several large investors have recently made changes to their positions in J. Tlwm increased its stake in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. lifted its holdings in Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after buying an additional 74 shares in the last quarter. Hudson Edge Investment Partners Inc. boosted its position in Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after buying an additional 82 shares during the period. Empirical Finance LLC grew its stake in shares of Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after acquiring an additional 82 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after acquiring an additional 86 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.