Jacobs Solutions Inc. (NYSE:J) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $150.86.

A number of analysts have recently issued reports on J shares. Citigroup lowered their price target on Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Truist Financial boosted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Royal Bank Of Canada boosted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, UBS Group lowered their price objective on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research note on Friday, May 9th.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $1.05 during midday trading on Thursday, hitting $135.16. 117,220 shares of the company were exchanged, compared to its average volume of 797,441. The firm has a market capitalization of $16.24 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.89 and a beta of 0.77. Jacobs Solutions has a fifty-two week low of $106.23 and a fifty-two week high of $156.31. The business has a fifty day simple moving average of $127.86 and a two-hundred day simple moving average of $127.55. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.50 and a current ratio of 1.50.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $1.91 earnings per share. On average, sell-side analysts forecast that Jacobs Solutions will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 23rd. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Hedge Funds Weigh In On Jacobs Solutions

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. raised its holdings in shares of Jacobs Solutions by 2.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 6,162 shares of the company's stock valued at $810,000 after buying an additional 160 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Jacobs Solutions by 8.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 21,711 shares of the company's stock valued at $2,854,000 after buying an additional 1,704 shares during the period. Contravisory Investment Management Inc. raised its holdings in shares of Jacobs Solutions by 18.1% in the 2nd quarter. Contravisory Investment Management Inc. now owns 3,912 shares of the company's stock valued at $514,000 after buying an additional 600 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Jacobs Solutions by 32.0% in the 2nd quarter. Exchange Traded Concepts LLC now owns 58,551 shares of the company's stock valued at $7,697,000 after buying an additional 14,197 shares during the period. Finally, Fulton Bank N.A. raised its holdings in shares of Jacobs Solutions by 0.9% in the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock valued at $1,127,000 after buying an additional 74 shares during the period. 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.