Jacobs Solutions (NYSE:J) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J) in a research note published on Wednesday morning. The firm issued a buy rating on the stock.

J has been the topic of a number of other reports. UBS Group lifted their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an outperform rating in a research report on Wednesday, August 7th. Robert W. Baird reduced their target price on Jacobs Solutions from $163.00 to $160.00 and set an outperform rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial reissued a hold rating and set a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $161.50.

Jacobs Solutions Trading Up 0.8 %

Shares of NYSE:J opened at $140.04 on Wednesday. The company has a market cap of $17.53 billion, a PE ratio of 27.03, a P/E/G ratio of 1.70 and a beta of 0.72. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 52 week low of $120.71 and a 52 week high of $156.31. The company’s 50 day moving average is $145.39 and its two-hundred day moving average is $143.83.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting analysts’ consensus estimates of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. Equities analysts predict that Jacobs Solutions will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Solutions’s payout ratio is 22.39%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP William B. Allen, Jr. sold 1,451 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares in the company, valued at approximately $3,911,670.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,516 shares of company stock valued at $2,152,693. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently bought and sold shares of J. EdgeRock Capital LLC acquired a new stake in Jacobs Solutions in the second quarter worth about $26,000. Bruce G. Allen Investments LLC boosted its stake in Jacobs Solutions by 427.5% during the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after buying an additional 171 shares in the last quarter. Quarry LP grew its holdings in Jacobs Solutions by 108.9% during the fourth quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after acquiring an additional 159 shares during the period. LRI Investments LLC bought a new position in shares of Jacobs Solutions during the 1st quarter valued at about $48,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Jacobs Solutions in the 1st quarter worth approximately $48,000. Institutional investors own 85.65% of the company’s stock.

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.