Jacobs Solutions (NYSE:J) Stock Rating Lowered by StockNews.com

Jacobs Solutions (NYSE:J) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Several other equities analysts also recently issued reports on J. Citigroup boosted their price objective on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Truist Financial decreased their price target on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Robert W. Baird cut their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. 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 report on Friday, October 4th. Finally, UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.30.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded down $0.82 on Thursday, reaching $140.58. 882,693 shares of the company’s stock were exchanged, compared to its average volume of 802,995. Jacobs Solutions has a fifty-two week low of $100.59 and a fifty-two week high of $144.56. The business’s 50-day moving average is $143.77 and its two-hundred day moving average is $142.65. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.43 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. The business 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 14.76% and a net margin of 3.72%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. As a group, equities research analysts forecast that Jacobs Solutions will post 7.95 EPS for the current year.

Insiders Place Their Bets

In related news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP William B. Allen, Jr. sold 1,451 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the sale, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s 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 completion of the transaction, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,516 shares of company stock worth $1,124,533. 1.00% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

Hedge funds have recently modified their holdings of the business. State Board of Administration of Florida Retirement System grew its position in Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock valued at $21,441,000 after purchasing an additional 10,542 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Jacobs Solutions by 305.4% during the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock valued at $27,910,000 after acquiring an additional 137,213 shares in the last quarter. Sei Investments Co. increased its stake in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after acquiring an additional 66,002 shares during the last quarter. Duality Advisers LP raised its holdings in shares of Jacobs Solutions by 1,241.6% during the first quarter. Duality Advisers LP now owns 25,289 shares of the company’s stock worth $3,888,000 after acquiring an additional 23,404 shares in the last quarter. Finally, UniSuper Management Pty Ltd raised its holdings in shares of Jacobs Solutions by 448.6% during the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock worth $1,199,000 after acquiring an additional 6,379 shares in the last quarter. Hedge funds and other 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.