Jacobs Solutions (NYSE:J) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Jacobs Solutions (NYSE:J) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

A number of other equities analysts have also commented on J. KeyCorp dropped their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. UBS Group increased their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Citigroup raised their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Truist Financial dropped their price target on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Price Performance

NYSE J opened at $146.24 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $137.15 and a 200 day simple moving average of $130.14. The company has a market cap of $17.27 billion, a P/E ratio of 51.86, a P/E/G ratio of 1.44 and a beta of 0.70. Jacobs Solutions has a 1 year low of $105.68 and a 1 year high of $168.44.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, sell-side analysts predict that Jacobs Solutions will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jacobs Solutions

A number of hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Jacobs Solutions by 11,242.3% during the 2nd quarter. California State Teachers Retirement System now owns 25,679,178 shares of the company’s stock valued at $3,235,576,000 after acquiring an additional 25,452,777 shares in the last quarter. BlackRock Inc. acquired a new position in Jacobs Solutions in the second quarter worth about $1,372,610,000. Primecap Management Co. CA acquired a new position in Jacobs Solutions in the second quarter worth about $575,291,000. Bank of America Corp DE bought a new position in Jacobs Solutions during the second quarter worth about $208,318,000. Finally, Ameriprise Financial Inc. lifted its stake in Jacobs Solutions by 828.5% during the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after purchasing an additional 1,184,068 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.