Jacobs Solutions (NYSE:J) PT Lowered to $139.00 at Truist Financial

Jacobs Solutions (NYSE:J) had its target price reduced by Truist Financial from $158.00 to $139.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the stock.

A number of other brokerages have also issued reports on J. Robert W. Baird decreased their target price on shares of Jacobs Solutions from $163.00 to $160.00 and set an outperform rating on the stock in a research report on Wednesday, August 7th. StockNews.com began coverage on Jacobs Solutions in a report on Wednesday, October 2nd. They set a buy rating on the stock. UBS Group upped their target price 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 price target on Jacobs Solutions from $161.00 to $167.00 and gave the stock an outperform rating in a research note on Wednesday, August 7th. Finally, Raymond James raised shares of Jacobs Solutions from a market perform rating to an outperform rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $159.60.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $138.46 on Wednesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $156.31. The stock has a fifty day moving average of $144.64 and a two-hundred day moving average of $143.38. The company has a market capitalization of $17.20 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 1.39 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 EPS. On average, analysts anticipate that Jacobs Solutions will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is 22.92%.

Insider Buying and Selling

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares of the company’s stock, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the sale, the insider now directly owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,516 shares of company stock valued at $2,152,693 in the last quarter. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Large investors have recently bought and sold shares of the business. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the second quarter worth about $26,000. Bruce G. Allen Investments LLC boosted its position in shares of Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares during the period. Quarry LP grew its holdings in Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after buying an additional 159 shares in the last quarter. LRI Investments LLC bought a new position in Jacobs Solutions in the 1st quarter worth approximately $48,000. Finally, Central Pacific Bank Trust Division acquired a new position in Jacobs Solutions during the 1st quarter worth $48,000. 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.