Jacobs Solutions Inc. (NYSE:J) Receives $150.86 Average Target Price from Brokerages

Jacobs Solutions Inc. (NYSE:J - Get Free Report) has received an average rating of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $150.86.

A number of research firms have weighed in on J. Citigroup dropped their target price on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Robert W. Baird dropped their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Truist Financial reduced their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating for the company in a report on Tuesday, April 8th.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Jacobs Solutions by 31.7% in the 3rd quarter. Barclays PLC now owns 312,700 shares of the company's stock valued at $40,933,000 after acquiring an additional 75,318 shares during the last quarter. Virtu Financial LLC raised its holdings in Jacobs Solutions by 151.2% during the 3rd quarter. Virtu Financial LLC now owns 4,675 shares of the company's stock valued at $612,000 after buying an additional 2,814 shares during the period. Pine Valley Investments Ltd Liability Co lifted its position in Jacobs Solutions by 3.1% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 20,851 shares of the company's stock worth $2,729,000 after buying an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jacobs Solutions in the third quarter worth $3,205,000. Finally, Tidal Investments LLC increased its position in Jacobs Solutions by 3.5% during the third quarter. Tidal Investments LLC now owns 24,440 shares of the company's stock valued at $3,199,000 after acquiring an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company's stock.

Jacobs Solutions Stock Up 0.6 %

Jacobs Solutions stock traded up $0.70 during trading hours on Friday, hitting $124.50. The stock had a trading volume of 213,930 shares, compared to its average volume of 783,742. The stock's 50-day moving average price is $120.92 and its 200-day moving average price is $131.78. Jacobs Solutions has a 12-month low of $106.23 and a 12-month high of $156.31. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $15.26 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.93 billion for the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the prior year, the firm posted $1.45 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 4th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.03%. Jacobs Solutions's dividend payout ratio (DPR) is currently 26.39%.

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.