Jacobs Solutions (NYSE:J) PT Raised to $167.00 at Royal Bank of Canada

Jacobs Solutions (NYSE:J) had its price target raised by Royal Bank of Canada from $161.00 to $167.00 in a research note published on Wednesday, Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Robert W. Baird lowered their price objective on Jacobs Solutions from $163.00 to $160.00 and set an outperform rating on the stock in a research report on Wednesday. William Blair cut Jacobs Solutions from an outperform rating to a market perform rating in a report on Wednesday, May 8th. StockNews.com downgraded Jacobs Solutions from a strong-buy rating to a buy rating in a research report on Saturday, June 22nd. Citigroup upped their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a research report on Monday, April 22nd. Finally, Truist Financial reiterated a hold rating and set a $158.00 target price (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $158.20.

Jacobs Solutions Stock Performance

Shares of NYSE:J traded up $1.24 during trading on Wednesday, hitting $143.50. 1,008,832 shares of the company were exchanged, compared to its average volume of 672,086. The company has a market cap of $17.97 billion, a PE ratio of 27.70, a P/E/G ratio of 1.67 and a beta of 0.70. Jacobs Solutions has a 52-week low of $120.71 and a 52-week high of $154.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a 50 day moving average of $141.80 and a 200 day moving average of $143.35.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 earnings per share. As a group, equities research analysts predict that Jacobs Solutions will post 7.98 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.39%.

Insider Buying and Selling

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 21,000 shares of company stock valued at $2,983,750 over the last three months. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tlwm increased its position in Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock valued at $845,000 after buying an additional 74 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Jacobs Solutions by 7.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock valued at $133,000 after acquiring an additional 75 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its stake in shares of Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock worth $834,000 after acquiring an additional 82 shares during the period. Private Trust Co. NA raised its holdings in shares of Jacobs Solutions by 17.8% during the fourth quarter. Private Trust Co. NA now owns 575 shares of the company’s stock valued at $75,000 after purchasing an additional 87 shares during the last quarter. Finally, American National Bank grew its position in Jacobs Solutions by 1.4% in the 2nd quarter. American National Bank now owns 6,488 shares of the company’s stock worth $906,000 after purchasing an additional 88 shares during the period. 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.