Jacobs Solutions (NYSE:J) Given New $165.00 Price Target at UBS Group

Jacobs Solutions (NYSE:J) had its target price raised by equities research analysts at UBS Group from $161.00 to $165.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 13.97% from the stock’s current price.

A number of other research firms also recently weighed in on J. Royal Bank of Canada increased their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Truist Financial reissued a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, William Blair downgraded 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, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average target price of $160.40.

Jacobs Solutions Trading Up 0.5 %

NYSE:J traded up $0.73 during trading hours on Wednesday, hitting $144.78. 9,563 shares of the stock were exchanged, compared to its average volume of 668,784. The company’s 50 day moving average is $142.02 and its two-hundred day moving average is $143.51. Jacobs Solutions has a twelve month low of $120.71 and a twelve month high of $154.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $18.13 billion, a P/E ratio of 27.95, a price-to-earnings-growth ratio of 1.67 and a beta of 0.70.

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

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the transaction, the insider now owns 527,138 shares in the company, valued at $77,426,029.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 21,000 shares of company stock worth $2,983,750 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Jacobs Solutions

Large investors have recently added to or reduced their stakes in the company. Tlwm lifted its stake in shares of Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after buying an additional 74 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Jacobs Solutions by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after buying an additional 75 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its stake in shares of Jacobs Solutions by 1.4% during the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after buying an additional 82 shares during the last quarter. American National Bank lifted its stake in shares of Jacobs Solutions by 1.4% during the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after buying an additional 88 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its stake in shares of Jacobs Solutions by 2.6% during the 2nd quarter. Global Financial Private Client LLC now owns 3,944 shares of the company’s stock worth $551,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds 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.