Jacobs Solutions (NYSE:J) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Jacobs Solutions (NYSE:J) in a research report report published on Tuesday. The brokerage issued a buy rating on the stock.

Other analysts also recently issued research reports about the company. Truist Financial dropped their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Royal Bank of Canada lowered their price objective on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Robert W. Baird boosted their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, UBS Group raised their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Price Performance

J stock opened at $140.96 on Tuesday. The firm has a 50 day simple moving average of $141.51 and a two-hundred day simple moving average of $142.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The stock has a market cap of $17.47 billion, a PE ratio of 22.27, a P/E/G ratio of 2.13 and a beta of 0.71. Jacobs Solutions has a one year low of $104.90 and a one year high of $150.54.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the prior year, the company earned $1.90 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Jacobs Solutions will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.82%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently made changes to their positions in the business. EdgeRock Capital LLC bought a new position in shares of Jacobs Solutions during the second quarter valued at approximately $26,000. Bruce G. Allen Investments LLC increased its position in Jacobs Solutions by 427.5% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock valued at $29,000 after purchasing an additional 171 shares during the period. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Quarry LP raised its holdings in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock worth $38,000 after purchasing an additional 233 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Jacobs Solutions in the 3rd quarter worth about $42,000. 85.65% of the stock is currently owned by institutional investors.

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.