Jacobs Solutions (NYSE:J) Stock Gets Price Target Cut from KeyCorp

Jacobs Solutions (NYSE:J) had its target price decreased by KeyCorp from $168.00 to $166.00 in a report released on Thursday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Truist Financial lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating on the stock in a report on Monday, October 5th. Royal Bank Of Canada increased their price target on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Finally, UBS Group lifted their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.40.

Jacobs Solutions Trading Down 0.7%

Jacobs Solutions stock opened at $140.91 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions has a 52 week low of $105.68 and a 52 week high of $168.44. The company has a market capitalization of $16.64 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 1.77 and a beta of 0.72. The stock has a 50-day moving average price of $143.51 and a 200 day moving average price of $132.04.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company earned $1.62 EPS. Jacobs Solutions’s quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts anticipate that Jacobs Solutions will post 7.24 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

Insider Activity at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred 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 completion of the transaction, the president directly owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.48% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Jacobs Solutions during the second quarter worth about $1,372,610,000. Primecap Management Co. CA acquired a new stake in Jacobs Solutions in the second quarter valued at approximately $575,291,000. Bank of America Corp DE acquired a new stake in Jacobs Solutions in the second quarter valued at approximately $208,318,000. Caisse de depot et placement du Quebec purchased a new position in Jacobs Solutions in the second quarter worth approximately $118,783,000. Finally, Amundi lifted its stake in Jacobs Solutions by 4.0% in the second quarter. Amundi now owns 883,673 shares of the company’s stock worth $111,328,000 after acquiring an additional 34,298 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

About Jacobs Solutions

Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.