Jacobs Solutions (NYSE:J) Price Target Raised to $149.00 at Robert W. Baird

Jacobs Solutions (NYSE:J) had its price target hoisted by Robert W. Baird from $147.00 to $149.00 in a report issued on Wednesday,Benzinga reports. They currently have an outperform rating on the stock.

J has been the topic of several other reports. Truist Financial lowered their target price on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Friday, October 4th. UBS Group upped their target price on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. StockNews.com assumed coverage on Jacobs Solutions in a research report on Monday, November 18th. They set a “buy” rating for the company. Finally, Royal Bank of Canada boosted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Jacobs Solutions Stock Up 1.4 %

Shares of NYSE J opened at $137.36 on Wednesday. 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 capitalization of $17.07 billion, a PE ratio of 21.70, a P/E/G ratio of 2.04 and a beta of 0.71. Jacobs Solutions has a one year low of $101.64 and a one year high of $150.54. The business’s fifty day moving average price is $142.11 and its 200-day moving average price is $142.29.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). The business had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $1.90 EPS. On average, equities research analysts anticipate that Jacobs Solutions will post 6.08 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced 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 dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is presently 18.33%.

Insider Buying and Selling at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 4.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Shelette M. Gustafson sold 4,167 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. grew its position in Jacobs Solutions by 32.1% during the 2nd quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock valued at $37,968,000 after purchasing an additional 66,002 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Jacobs Solutions in the third quarter worth approximately $709,000. UniSuper Management Pty Ltd grew its holdings in shares of Jacobs Solutions by 448.6% during the first quarter. UniSuper Management Pty Ltd now owns 7,801 shares of the company’s stock valued at $1,199,000 after buying an additional 6,379 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Jacobs Solutions by 6.8% during the third quarter. Asset Management One Co. Ltd. now owns 76,308 shares of the company’s stock valued at $9,989,000 after acquiring an additional 4,858 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Jacobs Solutions in the 2nd quarter worth approximately $1,302,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

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.