Jacobs Solutions (NYSE:J) Upgraded at Zacks Research

Zacks Research upgraded shares of Jacobs Solutions (NYSE:J) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently issued reports on J. Barclays increased their target price on Jacobs Solutions from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Bank of America lowered their price target on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Citigroup cut their price objective on Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating for the company in a report on Friday, November 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Finally, KeyCorp increased their target price on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. 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 presently has a consensus rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions Trading Up 3.5%

Shares of J stock opened at $148.77 on Thursday. The firm has a fifty day moving average of $137.17 and a 200-day moving average of $144.82. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 1.53 and a beta of 0.80. Jacobs Solutions has a 52-week low of $106.23 and a 52-week high of $168.44. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.30 and a current ratio of 1.33.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. On average, equities research analysts forecast that Jacobs Solutions will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, February 20th will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 20th. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. Jacobs Solutions’s dividend payout ratio is 35.07%.

Insiders Place Their Bets

In related news, Director Manuel J. Fernandez purchased 763 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price 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 in the company, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Peter J. Robertson acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of $134.76 per share, with a total value of $134,760.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at $134,760. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders purchased 2,513 shares of company stock valued at $335,878. 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 business. Primecap Management Co. CA boosted its stake in Jacobs Solutions by 2.1% in the second quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock valued at $624,365,000 after acquiring an additional 96,387 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Jacobs Solutions by 2.8% in the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock valued at $418,085,000 after purchasing an additional 86,677 shares during the period. Boston Partners lifted its stake in shares of Jacobs Solutions by 3.7% in the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock valued at $456,746,000 after purchasing an additional 108,134 shares during the period. Invesco Ltd. boosted its position in shares of Jacobs Solutions by 21.4% in the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after purchasing an additional 460,283 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Jacobs Solutions by 1.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock worth $381,687,000 after purchasing an additional 44,070 shares during the period. 85.65% of the stock is owned by institutional investors.

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.