Brokerages Set Jacobs Solutions Inc. (NYSE:J) Target Price at $154.08

Shares of Jacobs Solutions Inc. (NYSE:J) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $154.08.

Several research firms recently commented on J. KeyCorp began coverage on Jacobs Solutions in a report on Wednesday, January 10th. They issued a “sector weight” rating on the stock. Truist Financial assumed coverage on Jacobs Solutions in a report on Thursday, March 14th. They issued a “hold” rating and a $154.00 target price on the stock. Royal Bank of Canada raised their price objective on Jacobs Solutions from $151.00 to $161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Bank of America raised their price objective on Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Finally, Argus raised their price objective on Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a report on Thursday, March 14th.

Jacobs Solutions Trading Up 0.4 %

J opened at $143.50 on Tuesday. Jacobs Solutions has a one year low of $109.00 and a one year high of $154.50. The stock has a market capitalization of $18.03 billion, a PE ratio of 25.63, a P/E/G ratio of 1.54 and a beta of 0.73. The business’s 50 day moving average price is $147.65 and its 200 day moving average price is $137.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The company had revenue of $4.20 billion for the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Jacobs Solutions will post 8.07 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, February 23rd were issued a $0.29 dividend. The ex-dividend date was Thursday, February 22nd. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a yield of 0.81%. Jacobs Solutions’s dividend payout ratio (DPR) is 20.71%.

Insider Buying and Selling at Jacobs Solutions

In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at $35,711,532.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,838 shares of company stock valued at $2,393,710. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Pacific Financial purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $27,000. GAMMA Investing LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth approximately $27,000. Clear Street Markets LLC boosted its holdings in shares of Jacobs Solutions by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock valued at $29,000 after purchasing an additional 121 shares during the last quarter. ICA Group Wealth Management LLC acquired a new position in shares of Jacobs Solutions in the 4th quarter valued at $30,000. Finally, Park Place Capital Corp boosted its holdings in shares of Jacobs Solutions by 473.9% in the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after purchasing an additional 218 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.