Jacobs Solutions (NYSE:J – Free Report) The price target was raised by Royal Bank of Canada from $161.00 to $167.00 in a research note published on Wednesday, Benzinga reports. They currently have an outperform rating on the stock.
Other equities analysts have also issued research reports on the company. Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and gave the stock an outperform rating in a research report on Wednesday. Citigroup increased their price target on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a buy rating in a report on Monday, April 22nd. Truist Financial reiterated a hold rating and issued a $158.00 price target (previously $153.00) on shares of Jacobs Solutions in a research report on Wednesday. StockNews.com downgraded shares of Jacobs Solutions from a strong-buy rating to a buy rating in a research report on Saturday, June 22nd. Finally, William Blair downgraded shares of Jacobs Solutions from an outperform rating to a market perform rating in a research report on Wednesday, May 8. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $159.89.
Check out our latest report on J
Jacobs Solutions shares rise 0.9%
J stock rose $1.24 in midday trading on Wednesday, reaching $143.50. 1,008,832 shares of the company traded hands, compared to its average volume of 672,086. The company has a debt-to-equity ratio of 0.32, a current debt ratio of 1.17 and a current account ratio of 1.17. Jacobs Solutions has a 1-year low of $120.71 and a 1-year high of $154.50. The company’s 50-day moving average is $141.80 and its 200-day moving average is $143.35. The company has a market cap of $17.97 billion, a P/E ratio of 27.70, a PEG ratio of 1.67 and a beta of 0.70.
Jacobs Solutions (NYSE:J – Get Free Report) last released its quarterly earnings results on Tuesday, August 6. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company’s quarterly revenue grew 1.1% year-over-year. During the same period last year, the company posted earnings per share of $1.82. On average, sell-side analysts forecast that Jacobs Solutions will post earnings per share of $7.98 for the current fiscal year.
Dividend announcement from Jacobs Solutions
The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will receive a dividend of $0.29 per share. This represents an annualized dividend of $1.16 and a yield of 0.81%. The ex-dividend date of this dividend is Friday, July 26th. Jacobs Solutions’ payout ratio is currently 22.39%.
Insiders place their bets
In related news, insider Steven J. Demetriou sold 7,000 shares of the company’s stock on Monday, June 3. The shares were sold at an average price of $139.43, for a total value of $976,010.00. After the sale, the insider now owns 541,138 shares of the company’s stock, valued at approximately $75,450,871.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 21,000 shares of the company’s stock, valued at $2,983,750, in the last 90 days. 1.00% of the shares are currently owned by insiders.
Institutional inflows and outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Private Trust Co. NA increased 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 valued at $75,000 after purchasing an additional 87 shares during the period. International Assets Investment Management LLC bought a new stake in Jacobs Solutions in the 4th quarter valued at about $3,622,000. Prime Capital Investment Advisors LLC acquired a new stake in Jacobs Solutions in the 4th quarter valued at about $257,000. Stratos Wealth Partners LTD. increased its stake in Jacobs Solutions by 6.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 9,907 shares of the company’s stock valued at $1,286,000 after purchasing an additional 561 shares during the period. Finally, Strategic Blueprint LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at approximately $373,000. Institutional investors and hedge funds own 85.65% of the company’s shares.
About Jacobs Solutions
(Get free report)
Jacobs Solutions Inc. provides consulting, technical, engineering, scientific and project delivery services to the public and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East and Africa. The company operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions and PA Consulting segments.
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