StockNews.com Downgrades Jacobs Solutions (NYSE:J) to Buy

StockNews.com downgraded shares of Jacobs Solutions (NYSE:J) from a strong-buy rating to a buy rating in a research note released on Thursday.

A number of other brokerages have also recently weighed in on J. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an outperform rating on the stock in a report on Wednesday, May 8th. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the company a neutral rating in a research report on Tuesday, April 2nd. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a report on Monday, April 22nd. Argus raised their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a buy rating in a report on Thursday, March 14th. Finally, Truist Financial dropped their price target on shares of Jacobs Solutions from $154.00 to $153.00 and set a hold rating on the stock in a research note on Wednesday, May 8th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Jacobs Solutions has a consensus rating of Moderate Buy and a consensus price target of $156.82.

Jacobs Solutions Stock Down 0.7 %

J stock opened at $138.20 on Thursday. Jacobs Solutions has a fifty-two week low of $114.09 and a fifty-two week high of $154.50. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.73. The business’s 50 day moving average price is $141.23 and its two-hundred day moving average price is $139.65. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.07. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 earnings per share. As a group, analysts forecast that Jacobs Solutions will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, May 24th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, May 23rd. Jacobs Solutions’s dividend 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 stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the transaction, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at approximately $33,654,377.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock worth $3,503,195 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in J. Van ECK Associates Corp grew its position in shares of Jacobs Solutions by 32.5% during the third quarter. Van ECK Associates Corp now owns 5,592 shares of the company’s stock valued at $763,000 after purchasing an additional 1,372 shares in the last quarter. Pathstone Family Office LLC bought a new stake in Jacobs Solutions in the 3rd quarter worth approximately $825,000. HighTower Advisors LLC raised its holdings in shares of Jacobs Solutions by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 39,301 shares of the company’s stock worth $5,367,000 after acquiring an additional 436 shares in the last quarter. UBS Group AG boosted its position in shares of Jacobs Solutions by 32.5% during the 3rd quarter. UBS Group AG now owns 277,672 shares of the company’s stock valued at $37,902,000 after acquiring an additional 68,046 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Jacobs Solutions by 0.4% in the third quarter. Rhumbline Advisers now owns 220,200 shares of the company’s stock valued at $30,057,000 after purchasing an additional 849 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other 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.