Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of "Moderate Buy" by Analysts

Jacobs Solutions Inc. (NYSE:J - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $153.86.

A number of brokerages have issued reports on J. Truist Financial lifted their target price on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research note on Thursday, December 19th. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. The Goldman Sachs Group restated a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Robert W. Baird reduced their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th.

Institutional Trading of Jacobs Solutions

Several institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Jacobs Solutions by 12.9% during the fourth quarter. Wellington Management Group LLP now owns 284,247 shares of the company's stock worth $37,981,000 after purchasing an additional 32,515 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Jacobs Solutions by 2.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 123,764 shares of the company's stock worth $16,537,000 after buying an additional 2,683 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $4,555,000. Old North State Trust LLC boosted its stake in Jacobs Solutions by 9.6% in the 4th quarter. Old North State Trust LLC now owns 3,040 shares of the company's stock valued at $406,000 after buying an additional 267 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new stake in Jacobs Solutions in the fourth quarter valued at $751,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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Jacobs Solutions Trading Down 5.9 %

NYSE J traded down $7.01 on Tuesday, hitting $111.47. 1,035,832 shares of the stock were exchanged, compared to its average volume of 757,139. The company's 50-day moving average price is $127.24 and its two-hundred day moving average price is $135.14. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 22.98, a P/E/G ratio of 1.84 and a beta of 0.73. Jacobs Solutions has a 52-week low of $110.90 and a 52-week high of $156.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Research analysts predict that Jacobs Solutions will post 6.05 EPS for the current year.

Jacobs Solutions declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to purchase up to 9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This is a boost from Jacobs Solutions's previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.15%. Jacobs Solutions's payout ratio is currently 26.39%.

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.