Jacobs Solutions (NYSE:J) Price Target Cut to $148.00 by Analysts at Robert W. Baird

Jacobs Solutions (NYSE:J - Free Report) had its price target reduced by Robert W. Baird from $154.00 to $148.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group reissued a "neutral" rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Truist Financial boosted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the stock a "hold" rating in a research note on Thursday, December 19th. Royal Bank of Canada reiterated an "outperform" rating and issued a $152.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 3rd. StockNews.com assumed coverage on Jacobs Solutions in a research note on Wednesday, December 4th. They set a "hold" rating for the company. Finally, Benchmark lowered Jacobs Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.89.

Jacobs Solutions Trading Up 0.4 %

J traded up $0.49 during trading hours on Wednesday, reaching $133.97. The company's stock had a trading volume of 767,521 shares, compared to its average volume of 785,657. The stock has a market cap of $16.42 billion, a PE ratio of 27.62, a P/E/G ratio of 1.88 and a beta of 0.72. Jacobs Solutions has a fifty-two week low of $110.95 and a fifty-two week high of $150.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.20. The business's 50-day moving average is $136.17 and its 200-day moving average is $140.90.

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

Jacobs Solutions announced that its board has approved a share repurchase program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be paid a $0.32 dividend. The ex-dividend date is Friday, February 21st. This is an increase 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 0.96%. Jacobs Solutions's payout ratio is 23.92%.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company's stock valued at $32,000 after acquiring an additional 74 shares during the last quarter. Larson Financial Group LLC lifted its position in Jacobs Solutions by 71.9% during the fourth quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after buying an additional 115 shares during the period. Quarry LP boosted its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company's stock worth $38,000 after buying an additional 233 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Jacobs Solutions in the 3rd quarter worth about $42,000. Finally, True Wealth Design LLC purchased a new stake in Jacobs Solutions in the 3rd quarter valued at about $44,000. Hedge funds and other 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.