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

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $159.30.

A number of research firms have recently commented on J. StockNews.com downgraded Jacobs Solutions from a "strong-buy" rating to a "buy" rating in a report on Thursday. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a "hold" rating for the company in a research note on Wednesday, October 9th. Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an "outperform" rating for the company in a research note on Wednesday, August 7th. Raymond James upgraded Jacobs Solutions from a "market perform" rating to an "outperform" rating and set a $160.00 price target for the company in a research note on Friday, October 4th. Finally, UBS Group lifted their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th.

Insiders Place Their Bets

In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the sale, the senior vice president now directly owns 26,699 shares of the company's stock, valued at $3,911,670.49. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the company's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $146.51, for a total transaction of $212,586.01. Following the completion of the sale, the senior vice president now directly owns 26,699 shares in the company, valued at $3,911,670.49. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Shelette M. Gustafson sold 4,167 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,516 shares of company stock worth $1,124,533 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System grew its holdings in shares of Jacobs Solutions by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company's stock valued at $21,441,000 after purchasing an additional 10,542 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Jacobs Solutions by 305.4% during the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company's stock worth $27,910,000 after purchasing an additional 137,213 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company's stock valued at $37,968,000 after acquiring an additional 66,002 shares in the last quarter. Duality Advisers LP raised its holdings in shares of Jacobs Solutions by 1,241.6% in the first quarter. Duality Advisers LP now owns 25,289 shares of the company's stock valued at $3,888,000 after acquiring an additional 23,404 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in Jacobs Solutions by 448.6% in the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company's stock valued at $1,199,000 after purchasing an additional 6,379 shares during the last quarter. Institutional investors own 85.65% of the company's stock.

Jacobs Solutions Trading Down 0.7 %

Jacobs Solutions stock traded down $0.96 during trading on Friday, reaching $139.62. 657,398 shares of the company were exchanged, compared to its average volume of 684,821. The stock's 50 day simple moving average is $143.58 and its two-hundred day simple moving average is $142.60. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $17.35 billion, a P/E ratio of 27.59, a PEG ratio of 1.42 and a beta of 0.71. Jacobs Solutions has a 52-week low of $100.59 and a 52-week high of $144.56.

Jacobs Solutions (NYSE:J - Get Free Report) last posted 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 business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 EPS. On average, equities research analysts expect that Jacobs Solutions will post 7.95 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.83%. Jacobs Solutions's payout ratio is currently 22.92%.

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.