Jacobs Solutions (NYSE:J) Hits New 12-Month Low - Time to Sell?

Jacobs Solutions Inc. (NYSE:J - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $118.67 and last traded at $120.43, with a volume of 29470 shares. The stock had previously closed at $121.22.

Analysts Set New Price Targets

A number of equities analysts recently commented on J shares. The Goldman Sachs Group restated a "neutral" rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Truist Financial increased their target price on Jacobs Solutions from $137.00 to $142.00 and gave the company a "hold" rating in a report on Thursday, December 19th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Citigroup decreased their price objective on shares of Jacobs Solutions from $161.00 to $160.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Finally, StockNews.com began coverage on Jacobs Solutions in a research report on Wednesday, December 4th. They set a "hold" rating on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $153.86.

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Jacobs Solutions Stock Down 4.9 %

The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.84 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41. The firm's 50 day simple moving average is $128.29 and its 200-day simple moving average is $135.56.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $2.92 billion. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The business's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.45 earnings per share. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Friday, February 21st. This is a positive change from Jacobs Solutions's previous quarterly dividend of $0.29. Jacobs Solutions's dividend payout ratio is currently 26.39%.

Jacobs Solutions declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in J. Colonial Trust Co SC boosted its stake in shares of Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Avalon Trust Co purchased a new stake in Jacobs Solutions during the fourth quarter worth approximately $33,000. Larson Financial Group LLC boosted its position in Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company's stock worth $37,000 after purchasing an additional 115 shares during the period. Quarry LP grew its stake in shares of Jacobs Solutions by 394.9% in the third quarter. Quarry LP now owns 292 shares of the company's stock valued at $38,000 after buying an additional 233 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company's stock valued at $45,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

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.