Jacobs Solutions (NYSE:J) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J) in a research note issued to investors on Tuesday. The brokerage issued a buy rating on the stock.

Several other equities research analysts have also weighed in on the company. Citigroup cut their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Truist Financial lowered their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a report on Wednesday, October 9th. Robert W. Baird lifted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. UBS Group boosted their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their price objective on Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Jacobs Solutions Price Performance

Shares of J opened at $141.21 on Tuesday. The company has a market cap of $17.55 billion, a P/E ratio of 22.31, a PEG ratio of 2.10 and a beta of 0.71. Jacobs Solutions has a fifty-two week low of $101.64 and a fifty-two week 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 firm’s 50 day moving average price is $141.67 and its 200 day moving average price is $142.31.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 earnings per share. On average, research analysts forecast that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently made changes to their positions in the stock. Bayesian Capital Management LP acquired a new stake in shares of Jacobs Solutions in the 1st quarter worth approximately $282,000. B. Riley Wealth Advisors Inc. grew its holdings in Jacobs Solutions by 1.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,503 shares of the company’s stock valued at $2,691,000 after purchasing an additional 288 shares during the last quarter. California State Teachers Retirement System grew its holdings in Jacobs Solutions by 1.5% in the first quarter. California State Teachers Retirement System now owns 206,216 shares of the company’s stock valued at $31,702,000 after purchasing an additional 2,978 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Jacobs Solutions by 62.0% during the 1st quarter. Tidal Investments LLC now owns 16,647 shares of the company’s stock worth $2,559,000 after buying an additional 6,371 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of Jacobs Solutions by 2.2% in the 1st quarter. Comerica Bank now owns 38,525 shares of the company’s stock worth $5,923,000 after buying an additional 843 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.