Jacobs Solutions (NYSE:J) Given New $149.00 Price Target at Truist Financial

Jacobs Solutions (NYSE:J) had its price objective lowered by investment analysts at Truist Financial from $150.00 to $149.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 19.36% from the stock’s previous close.

J has been the topic of several other reports. KeyCorp decreased their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $169.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, May 19th. Wells Fargo & Company decreased their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Finally, Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $153.10.

Jacobs Solutions Trading Down 0.9%

Shares of J opened at $124.83 on Thursday. The company’s fifty day moving average is $121.47 and its 200 day moving average is $129.83. Jacobs Solutions has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The stock has a market capitalization of $14.74 billion, a PE ratio of 38.77, a P/E/G ratio of 1.22 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the business earned $1.43 earnings per share. Jacobs Solutions’s quarterly revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Sell-side analysts expect that Jacobs Solutions will post 7.23 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert V. Pragada purchased 3,601 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were purchased at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the acquisition, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. The trade was a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 4,257 shares of company stock valued at $477,651 in the last 90 days. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the company. Redwood Investment Management LLC purchased a new position in shares of Jacobs Solutions during the first quarter valued at approximately $1,045,000. Pacer Advisors Inc. grew its stake in shares of Jacobs Solutions by 3,316.1% during the first quarter. Pacer Advisors Inc. now owns 398,487 shares of the company’s stock valued at $50,719,000 after buying an additional 386,822 shares during the last quarter. Rathbones Group PLC purchased a new stake in shares of Jacobs Solutions in the first quarter worth approximately $250,000. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Jacobs Solutions by 3.7% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 22,410 shares of the company’s stock worth $2,852,000 after buying an additional 794 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Jacobs Solutions by 59.8% during the 1st quarter. NewEdge Advisors LLC now owns 44,267 shares of the company’s stock worth $5,634,000 after acquiring an additional 16,571 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.