Jacobs Solutions (NYSE:J) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Jacobs Solutions (NYSE:J) from a buy rating to a hold rating in a research note released on Sunday morning.

Other equities research analysts have also recently issued research reports about the company. UBS Group increased their price target on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada lifted their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Wells Fargo & Company reduced their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Citigroup upped their target price on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, KeyCorp decreased their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $152.17 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions has a 52 week low of $105.68 and a 52 week high of $168.44. The firm has a market cap of $17.97 billion, a PE ratio of 53.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The firm’s fifty day moving average is $136.03 and its 200-day moving average is $130.12.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.Jacobs Solutions’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts predict that Jacobs Solutions will post 7.26 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Insider Activity

In related news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in shares of Jacobs Solutions by 11,242.3% during the 2nd quarter. California State Teachers Retirement System now owns 25,679,178 shares of the company’s stock worth $3,235,576,000 after buying an additional 25,452,777 shares during the period. BlackRock Inc. acquired a new stake in shares of Jacobs Solutions in the 2nd quarter valued at about $1,372,610,000. State Street Corp grew its stake in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after buying an additional 243,345 shares during the period. Primecap Management Co. CA bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $575,291,000. Finally, Morgan Stanley increased its position in Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after buying an additional 552,277 shares in the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

About Jacobs Solutions

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.