Brokerages Set Jacobs Solutions Inc. (NYSE:J) Price Target at $155.89

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $155.89.

A number of research firms have recently issued reports on J. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 3rd. Citigroup cut their price objective on Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They issued a "hold" rating for the company. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Finally, Truist Financial raised their price objective on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a research report on Thursday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in shares of Jacobs Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after purchasing an additional 10,174 shares during the period. Ninety One UK Ltd lifted its stake in shares of Jacobs Solutions by 29.2% in the 4th quarter. Ninety One UK Ltd now owns 1,988,092 shares of the company's stock valued at $265,649,000 after purchasing an additional 449,161 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after purchasing an additional 157,086 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of Jacobs Solutions by 3.2% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 1,040,032 shares of the company's stock valued at $143,263,000 after purchasing an additional 32,650 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Jacobs Solutions by 9.6% in the 4th quarter. Bank of New York Mellon Corp now owns 896,004 shares of the company's stock valued at $119,724,000 after purchasing an additional 78,284 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

Jacobs Solutions Stock Down 0.1 %

Shares of NYSE:J traded down $0.07 during mid-day trading on Monday, reaching $130.27. 779,956 shares of the stock were exchanged, compared to its average volume of 765,385. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The company has a market cap of $15.96 billion, a P/E ratio of 26.86, a P/E/G ratio of 1.88 and a beta of 0.72. Jacobs Solutions has a one year low of $110.95 and a one year high of $150.54. The stock's 50 day simple moving average is $135.80 and its 200-day simple moving average is $140.64.

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

Jacobs Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be issued a dividend of $0.32 per share. This is an increase from Jacobs Solutions's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. This represents a $1.28 annualized dividend and a dividend yield of 0.98%. Jacobs Solutions's dividend payout ratio (DPR) is 23.92%.

Jacobs Solutions declared that its Board of Directors has approved a stock buyback program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Jacobs Solutions Company Profile

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.