Jacobs Solutions (NYSE:J) Given New $137.00 Price Target at Wells Fargo & Company

Jacobs Solutions (NYSE:J) had its price objective increased by Wells Fargo & Company from $130.00 to $137.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also weighed in on J. KeyCorp upped their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Robert W. Baird lowered shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Wall Street Zen raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 17th. Barclays increased their target price on Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Royal Bank Of Canada dropped their price objective on Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating on the stock in a research report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.60.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $137.88 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $16.28 billion, a PE ratio of 56.98, a P/E/G ratio of 1.53 and a beta of 0.81. The company has a 50 day moving average price of $136.99 and a 200-day moving average price of $144.62. Jacobs Solutions has a fifty-two week low of $106.23 and a fifty-two week high of $168.44.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Jacobs Solutions had a return on equity of 19.14% and a net margin of 2.41%.Jacobs Solutions’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, equities analysts forecast that Jacobs Solutions will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 2nd were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 2nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio is presently 52.89%.

Insider Transactions at Jacobs Solutions

In related news, Director Manuel J. Fernandez acquired 763 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average cost of $130.78 per share, with a total value of $99,785.14. Following the completion of the acquisition, the director directly owned 10,380 shares of the company’s stock, valued at $1,357,496.40. This represents a 7.93% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter J. Robertson bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the completion of the transaction, the director owned 1,000 shares in the company, valued at $134,760. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 2,513 shares of company stock worth $335,878. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after buying an additional 1,184,068 shares during the period. AQR Capital Management LLC increased its stake in shares of Jacobs Solutions by 68.8% in the second quarter. AQR Capital Management LLC now owns 1,288,843 shares of the company’s stock worth $168,194,000 after acquiring an additional 525,291 shares during the period. Ninety One UK Ltd raised its holdings in shares of Jacobs Solutions by 20.4% during the third quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares during the last quarter. Invesco Ltd. lifted its position in Jacobs Solutions by 21.4% during the second quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock valued at $342,738,000 after purchasing an additional 460,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Jacobs Solutions by 350.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,594 shares of the company’s stock valued at $72,638,000 after purchasing an additional 429,880 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, 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.