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

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $160.40.

Several research firms have weighed in on J. Royal Bank of Canada increased their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. StockNews.com cut shares of Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday, August 15th. Robert W. Baird decreased their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a report on Wednesday, August 7th. UBS Group lifted their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Finally, Truist Financial reissued a "hold" rating and issued a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research note on Wednesday, August 7th.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $139.94, for a total value of $979,580.00. Following the transaction, the insider now owns 534,138 shares of the company's stock, valued at $74,747,271.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the company's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $139.94, for a total transaction of $979,580.00. Following the completion of the sale, the insider now directly owns 534,138 shares of the company's stock, valued at $74,747,271.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP William B. Allen, Jr. sold 1,451 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the transaction, the senior vice president now owns 26,699 shares in the company, valued at $3,911,670.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,516 shares of company stock worth $3,132,273. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions in the second quarter valued at about $26,000. Bruce G. Allen Investments LLC boosted its stake in Jacobs Solutions by 427.5% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company's stock worth $29,000 after purchasing an additional 171 shares during the period. ICA Group Wealth Management LLC purchased a new stake in Jacobs Solutions during the 4th quarter valued at approximately $30,000. Union Savings Bank raised its position in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company's stock valued at $37,000 after buying an additional 125 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Jacobs Solutions by 108.9% in the fourth quarter. Quarry LP now owns 305 shares of the company's stock worth $40,000 after buying an additional 159 shares in the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Up 1.0 %

Shares of Jacobs Solutions stock traded up $1.46 during trading on Friday, reaching $143.96. The company's stock had a trading volume of 460,201 shares, compared to its average volume of 663,299. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 52-week low of $120.71 and a 52-week high of $154.50. The firm's 50-day moving average is $145.42 and its two-hundred day moving average is $144.14. The company has a market cap of $18.03 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 1.63 and a beta of 0.72.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share for the quarter, meeting the consensus estimate of $1.96. The company had revenue of $4.23 billion during the quarter, compared to analysts' expectations of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. Jacobs Solutions's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 EPS. On average, sell-side analysts anticipate that Jacobs Solutions will post 7.97 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were given a dividend of $0.29 per share. The ex-dividend date was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. Jacobs Solutions's dividend payout ratio (DPR) is 22.39%.

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.