Jacobs Solutions (NYSE:J) Price Target Lowered to $152.00 at Royal Bank of Canada

Jacobs Solutions (NYSE:J) had its price objective trimmed by Royal Bank of Canada from $167.00 to $152.00 in a research note released on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other research analysts also recently commented on J. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research report on Friday, October 4th. UBS Group increased their target price on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research report on Wednesday, October 9th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, StockNews.com began coverage on Jacobs Solutions in a research report on Monday, November 18th. They issued a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Jacobs Solutions Trading Up 1.4 %

J stock opened at $137.36 on Thursday. 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 company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.04 and a beta of 0.71. Jacobs Solutions has a 1-year low of $101.64 and a 1-year high of $150.54. The business has a 50 day simple moving average of $142.11 and a two-hundred day simple moving average of $142.32.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion for 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 firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.90 earnings per share. Research analysts anticipate that Jacobs Solutions will post 6.08 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

Insider Activity

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

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in J. O Shaughnessy Asset Management LLC boosted its holdings in Jacobs Solutions by 37.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 3,839 shares of the company’s stock worth $590,000 after acquiring an additional 1,036 shares in the last quarter. Natixis boosted its holdings in Jacobs Solutions by 55.0% in the first quarter. Natixis now owns 3,242 shares of the company’s stock worth $498,000 after acquiring an additional 1,150 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Jacobs Solutions in the first quarter worth about $223,000. Toronto Dominion Bank boosted its holdings in Jacobs Solutions by 2.0% in the first quarter. Toronto Dominion Bank now owns 70,973 shares of the company’s stock worth $10,911,000 after acquiring an additional 1,382 shares in the last quarter. Finally, Guardian Capital Advisors LP acquired a new stake in Jacobs Solutions in the first quarter worth about $200,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.