Jacobs Solutions Inc. (NYSE:J) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Jacobs Solutions Inc. (NYSE:J) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $156.82.

Several research firms have recently commented on J. Truist Financial lowered their price target on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a report on Wednesday, May 8th. Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. StockNews.com cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. William Blair cut shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 8th. Finally, Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $145.80 on Thursday. The company’s fifty day moving average is $140.98 and its two-hundred day moving average is $142.78. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. Jacobs Solutions has a 12-month low of $120.71 and a 12-month high of $154.50. The company has a market cap of $18.26 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 1.68 and a beta of 0.70.

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

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 0.80%. Jacobs Solutions’s dividend payout ratio is 22.39%.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now directly owns 541,138 shares of the company’s stock, valued at $75,450,871.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 21,000 shares of company stock valued at $2,962,610. 1.00% of the stock is currently owned by insiders.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently modified their holdings of J. Bank OZK boosted its stake in Jacobs Solutions by 4.9% in the second quarter. Bank OZK now owns 14,544 shares of the company’s stock valued at $2,032,000 after acquiring an additional 673 shares during the last quarter. F M Investments LLC bought a new position in Jacobs Solutions in the second quarter valued at approximately $15,513,000. Panagora Asset Management Inc. boosted its stake in Jacobs Solutions by 20.4% in the second quarter. Panagora Asset Management Inc. now owns 131,748 shares of the company’s stock valued at $18,407,000 after acquiring an additional 22,316 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Jacobs Solutions by 42.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 110,776 shares of the company’s stock worth $15,477,000 after purchasing an additional 32,843 shares during the period. Finally, Ameritas Advisory Services LLC raised its holdings in Jacobs Solutions by 1.9% in the second quarter. Ameritas Advisory Services LLC now owns 7,675 shares of the company’s stock worth $1,072,000 after purchasing an additional 146 shares during the period. 85.65% of the stock is owned by institutional investors.

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.