Jacobs Solutions (NYSE:J) Downgraded by StockNews.com

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

A number of other research analysts have also recently weighed in on the stock. Truist Financial restated a hold rating and set a $158.00 target price (up previously from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th. Robert W. Baird dropped their price objective on Jacobs Solutions from $163.00 to $160.00 and set an outperform rating for the company in a research note on Wednesday, August 7th. William Blair cut Jacobs Solutions from an outperform rating to a market perform rating in a research report on Wednesday, May 8th. Royal Bank of Canada boosted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an outperform rating in a report on Wednesday, August 7th. Finally, UBS Group increased their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a buy rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $160.40.

Jacobs Solutions Price Performance

NYSE J opened at $146.91 on Thursday. 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 firm has a market capitalization of $18.40 billion, a P/E ratio of 28.36, a PEG ratio of 1.67 and a beta of 0.70. The company has a 50-day moving average price of $142.47 and a 200-day moving average price of $143.65. Jacobs Solutions has a 52 week low of $120.71 and a 52 week high of $154.50.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the company posted $1.82 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Solutions will post 7.98 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.79%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Activity at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions 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 transaction, the insider now directly owns 534,138 shares in the company, valued at approximately $74,747,271.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 21,000 shares of company stock valued at $2,983,750 over the last ninety days. 1.00% of the stock is owned by company insiders.

Institutional Trading of Jacobs Solutions

A number of institutional investors have recently made changes to their positions in J. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions in the second quarter worth $26,000. GAMMA Investing LLC purchased a new position in Jacobs Solutions in the 4th quarter worth $27,000. Bruce G. Allen Investments LLC lifted its position in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after acquiring an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions during the 4th quarter valued at about $30,000. Finally, Union Savings Bank grew its stake in Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 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.