Jacobs Solutions (NYSE:J) Stock Rating Lowered by Benchmark

Benchmark cut shares of Jacobs Solutions (NYSE:J) from a buy rating to a hold rating in a report published on Wednesday morning, Marketbeat.com reports.

A number of other research firms have also weighed in on J. Truist Financial cut 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. UBS Group raised their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Friday, October 4th. Royal Bank of Canada increased their target price on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Citigroup lifted their price target on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Price Performance

Shares of J opened at $137.36 on Wednesday. The company has a market cap of $17.07 billion, a P/E ratio of 21.70, a PEG ratio of 2.04 and a beta of 0.71. Jacobs Solutions has a fifty-two week low of $101.64 and a fifty-two week high of $150.54. The company has a quick ratio of 1.14, a current ratio of 1.20 and a debt-to-equity ratio of 0.30. The firm’s 50 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 data on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The company had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.90 EPS. On average, research analysts forecast that Jacobs Solutions will post 6.08 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given 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 (DPR) is presently 18.33%.

Insider Activity at Jacobs Solutions

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

Institutional Trading of Jacobs Solutions

Several hedge funds have recently made changes to their positions in the company. Tlwm grew its holdings in Jacobs Solutions by 1.2% during the second quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after acquiring an additional 74 shares during the period. First Horizon Advisors Inc. grew its stake in shares of Jacobs Solutions by 44.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock worth $32,000 after purchasing an additional 74 shares during the period. Hudson Edge Investment Partners Inc. increased its holdings in shares of Jacobs Solutions by 1.4% in the 2nd quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after purchasing an additional 82 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of Jacobs Solutions by 1.9% in the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock valued at $570,000 after purchasing an additional 82 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its holdings in Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds 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.