Jacobs Solutions (NYSE:J) Price Target Raised to $171.00 at Royal Bank Of Canada

Jacobs Solutions (NYSE:J) had its price target hoisted by Royal Bank Of Canada from $169.00 to $171.00 in a report released on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

J has been the subject of several other research reports. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Truist Financial reduced their target price on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Robert W. Baird decreased their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Citigroup raised their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report 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 MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and a consensus target price of $153.30.

Jacobs Solutions Stock Performance

NYSE J opened at $130.69 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. Jacobs Solutions has a 1-year low of $105.68 and a 1-year high of $168.44. The firm has a market capitalization of $15.43 billion, a P/E ratio of 40.59, a P/E/G ratio of 1.26 and a beta of 0.69. The business’s 50-day simple moving average is $122.97 and its 200-day simple moving average is $129.26.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company earned $1.43 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities analysts predict that Jacobs Solutions will post 7.23 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.36 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 44.72%.

Insider Buying and Selling

In other news, CEO Robert V. Pragada bought 3,601 shares of Jacobs Solutions stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $111.09 per share, with a total value of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares in the company, 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 can be accessed through this hyperlink. Also, Director Manuel J. Fernandez bought 253 shares of Jacobs Solutions stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the completion of the transaction, the director owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This represents a 2.07% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 4,257 shares of company stock worth $477,651 in the last quarter. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions during the third quarter valued at about $27,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions in the third quarter worth about $33,000. Princeton Global Asset Management LLC acquired a new position in shares of Jacobs Solutions in the fourth quarter worth about $30,000. International Assets Investment Management LLC acquired a new position in shares of Jacobs Solutions in the fourth quarter worth about $38,000. Finally, Torren Management LLC purchased a new position in Jacobs Solutions in the fourth quarter valued at about $41,000. 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.