StockNews.com Begins Coverage on Jacobs Solutions (NYSE:J)

StockNews.com initiated coverage on shares of Jacobs Solutions (NYSE:J) in a research report released on Wednesday morning. The brokerage issued a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an outperform rating for the company in a research report on Wednesday, August 7th. UBS Group upped their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a buy rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their target price on Jacobs Solutions from $161.00 to $167.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Finally, Truist Financial reaffirmed a hold rating and set a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $161.50.

Jacobs Solutions Trading Up 0.8 %

NYSE:J opened at $140.04 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. Jacobs Solutions has a one year low of $120.71 and a one year high of $156.31. The company has a market cap of $17.53 billion, a PE ratio of 27.03, a PEG ratio of 1.70 and a beta of 0.72. The firm has a 50-day moving average of $145.39 and a 200-day moving average of $143.79.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same period in the prior year, the firm posted $1.82 EPS. Jacobs Solutions’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the transaction, the executive vice president now owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,516 shares of company stock valued at $2,152,693 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its position in Jacobs Solutions by 40.9% in the fourth quarter. Stifel Financial Corp now owns 64,925 shares of the company’s stock worth $8,428,000 after purchasing an additional 18,836 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Jacobs Solutions by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 203,238 shares of the company’s stock worth $26,380,000 after buying an additional 4,759 shares in the last quarter. KBC Group NV increased its holdings in shares of Jacobs Solutions by 63.0% in the 4th quarter. KBC Group NV now owns 30,786 shares of the company’s stock worth $3,996,000 after buying an additional 11,903 shares during the last quarter. NEOS Investment Management LLC bought a new position in shares of Jacobs Solutions in the 4th quarter valued at about $232,000. Finally, Rafferty Asset Management LLC lifted its holdings in shares of Jacobs Solutions by 5.6% in the 4th quarter. Rafferty Asset Management LLC now owns 10,568 shares of the company’s stock valued at $1,372,000 after acquiring an additional 557 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

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.