Jacobs Solutions (NYSE:J – Get Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.
J has been the topic of a number of other reports. UBS Group boosted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Citigroup boosted their target price on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird decreased their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research report on Friday, October 4th. Finally, Truist Financial reduced their price objective on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Moderate Buy” and an average price target of $159.30.
Read Our Latest Analysis on Jacobs Solutions
Jacobs Solutions Trading Down 0.3 %
Jacobs Solutions (NYSE:J – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. Jacobs Solutions’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that Jacobs Solutions will post 7.95 EPS for the current year.
Insider Activity
In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction 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 transaction, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,516 shares of company stock worth $2,152,693. 1.00% of the stock is owned by company insiders.
Institutional Trading of Jacobs Solutions
Several hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners boosted its position in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after buying an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after buying an additional 127,605 shares during the period. American Century Companies Inc. boosted its position in shares of Jacobs Solutions by 12.0% in the second quarter. American Century Companies Inc. now owns 632,868 shares of the company’s stock worth $88,418,000 after buying an additional 67,821 shares during the period. Finally, Ceredex Value Advisors LLC boosted its position in Jacobs Solutions by 5.5% during the second quarter. Ceredex Value Advisors LLC now owns 601,944 shares of the company’s stock valued at $84,098,000 after purchasing an additional 31,225 shares during the last quarter. Institutional investors and hedge funds 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.
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