Jacobs Solutions Inc. (NYSE:J) Receives Consensus Rating of “Moderate Buy” from Analysts

Jacobs Solutions Inc. (NYSE:J) has earned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $154.08.

A number of research firms have issued reports on J. Argus increased their target price on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. Truist Financial began coverage on shares of Jacobs Solutions in a research report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price for the company. KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their target price on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th.

Insider Buying and Selling

In related news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares in the company, valued at approximately $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jacobs Solutions news, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $149.00, for a total value of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares in the company, valued at approximately $8,527,717. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now owns 28,791 shares in the company, valued at $4,261,068. The disclosure for this sale can be found here. Insiders have sold 15,838 shares of company stock worth $2,393,710 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of Jacobs Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of J. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Jacobs Solutions by 7.9% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after buying an additional 75 shares during the period. IFP Advisors Inc boosted its holdings in shares of Jacobs Solutions by 3.7% in the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock valued at $296,000 after buying an additional 78 shares during the period. Creative Planning boosted its holdings in shares of Jacobs Solutions by 0.3% in the third quarter. Creative Planning now owns 29,141 shares of the company’s stock valued at $3,978,000 after buying an additional 84 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in Jacobs Solutions by 0.9% during the third quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock worth $1,276,000 after purchasing an additional 86 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in Jacobs Solutions by 17.8% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock worth $75,000 after purchasing an additional 87 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 0.4 %

Jacobs Solutions stock opened at $144.04 on Tuesday. The company has a 50 day moving average price of $147.55 and a 200 day moving average price of $137.41. Jacobs Solutions has a 52 week low of $109.00 and a 52 week high of $154.50. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $18.10 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.53 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $4.02 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Research analysts forecast that Jacobs Solutions will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.81%. The ex-dividend date was Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

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.