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

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen analysts that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $156.82.

A number of research analysts recently commented on the company. Robert W. Baird reduced their target price on Jacobs Solutions from $168.00 to $163.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 8th. Argus raised their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the company a "buy" rating in a research note on Thursday, March 14th. Citigroup raised their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the company a "buy" rating in a research note on Monday, April 22nd. StockNews.com lowered shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 22nd. Finally, Truist Financial dropped their target price on shares of Jacobs Solutions from $154.00 to $153.00 and set a "hold" rating for the company in a report on Wednesday, May 8th.

Jacobs Solutions Trading Up 0.2 %

J traded up $0.26 during midday trading on Friday, hitting $139.71. 1,305,354 shares of the company were exchanged, compared to its average volume of 704,744. The firm has a market capitalization of $17.49 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.61 and a beta of 0.73. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average price is $140.39 and its 200-day moving average price is $140.60. Jacobs Solutions has a 1-year low of $116.00 and a 1-year high of $154.50.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.07. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.81 EPS. As a group, equities analysts forecast that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Thursday, May 23rd. Jacobs Solutions's payout ratio is 22.39%.

Insider Activity

In other news, CFO Kevin C. Berryman sold 1,500 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares of the company's stock, valued at approximately $35,711,532.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $143.86, for a total transaction of $1,007,020.00. Following the completion of the sale, the insider now owns 548,138 shares in the company, valued at approximately $78,855,132.68. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock valued at $3,503,195 in the last 90 days. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. grew its stake in Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company's stock worth $133,000 after acquiring an additional 75 shares in the last quarter. Private Trust Co. NA grew its stake in Jacobs Solutions by 17.8% in the 4th quarter. Private Trust Co. NA now owns 575 shares of the company's stock worth $75,000 after acquiring an additional 87 shares in the last quarter. Souders Financial Advisors grew its stake in Jacobs Solutions by 2.3% in the 4th quarter. Souders Financial Advisors now owns 4,351 shares of the company's stock worth $565,000 after acquiring an additional 96 shares in the last quarter. Pinnacle Financial Partners Inc grew its stake in Jacobs Solutions by 4.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 2,631 shares of the company's stock worth $342,000 after acquiring an additional 105 shares in the last quarter. Finally, NBC Securities Inc. grew its stake in Jacobs Solutions by 5.0% in the 4th quarter. NBC Securities Inc. now owns 2,512 shares of the company's stock worth $326,000 after acquiring an additional 119 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.