Jacobs Solutions (NYSE:J) Price Target Cut to $160.00 by Analysts at Robert W. Baird

Jacobs Solutions (NYSE:J) had its price objective dropped by stock analysts at Robert W. Baird from $163.00 to $160.00 in a research report issued on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 11.50% from the company’s current price.

J has been the subject of a number of other reports. Citigroup upped their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a research note on Monday, April 22nd. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 22nd. Truist Financial restated 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. Finally, William Blair lowered Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.55.

Jacobs Solutions Stock Performance

Shares of J traded up $1.24 during mid-day trading on Wednesday, hitting $143.50. The company’s stock had a trading volume of 999,535 shares, compared to its average volume of 672,026. Jacobs Solutions has a one year low of $120.71 and a one year high of $154.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $17.97 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70. The stock’s 50-day moving average is $141.71 and its two-hundred day moving average is $143.21.

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

Insiders Place Their Bets

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 value of $979,580.00. Following the completion of the sale, the insider now directly owns 534,138 shares in the company, valued at $74,747,271.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 21,000 shares of company stock worth $2,983,750 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Jacobs Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. EdgeRock Capital LLC bought a new position in Jacobs Solutions in the second quarter valued at about $26,000. GAMMA Investing LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $27,000. Bruce G. Allen Investments LLC boosted its holdings in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after acquiring an additional 171 shares during the last quarter. ICA Group Wealth Management LLC bought a new position in Jacobs Solutions in the fourth quarter valued at about $30,000. Finally, Union Savings Bank boosted its holdings in Jacobs Solutions by 78.1% in the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.