Jacobs Solutions Inc. (NYSE:J) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Jacobs Solutions Inc. (NYSE:J) have been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $155.25.

Several brokerages have issued reports on J. KeyCorp assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They issued a “sector weight” rating for the company. Royal Bank of Canada lifted their target price on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America increased their price target on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Argus upped their target price on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Finally, Truist Financial began coverage on shares of Jacobs Solutions in a report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target for the company.

Jacobs Solutions Stock Performance

NYSE J opened at $144.11 on Tuesday. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The stock has a market cap of $18.11 billion, a PE ratio of 25.73, a PEG ratio of 1.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s fifty day moving average price is $147.59 and its two-hundred day moving average price is $137.73.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.56 by $0.46. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $1.67 earnings per share. On average, equities analysts expect that Jacobs Solutions will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, February 22nd. This represents a $1.16 annualized dividend and a dividend yield of 0.80%. This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio is currently 20.71%.

Insider Activity

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $4,261,068. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares in the company, valued at approximately $8,527,717. The disclosure for this sale can be found here. Insiders sold a total of 15,838 shares of company stock worth $2,393,710 in the last three months. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of J. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Jacobs Solutions by 7.9% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,021 shares of the company’s stock worth $133,000 after buying an additional 75 shares during the last quarter. IFP Advisors Inc boosted its position in Jacobs Solutions by 3.7% in the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in Jacobs Solutions by 0.9% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 9,346 shares of the company’s stock valued at $1,276,000 after purchasing an additional 86 shares during the period. Private Trust Co. NA increased its position in shares of Jacobs Solutions by 17.8% during 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 last quarter. Finally, Signaturefd LLC raised its stake in shares of Jacobs Solutions by 11.4% during the 3rd quarter. Signaturefd LLC now owns 887 shares of the company’s stock worth $121,000 after purchasing an additional 91 shares during the period. 85.65% of the stock is owned by hedge funds and other 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.