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

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

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

Institutional Investors Weigh In On Jacobs Solutions

Large investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. grew its position in shares of Jacobs Solutions by 18.1% in the second quarter. Contravisory Investment Management Inc. now owns 3,912 shares of the company's stock valued at $514,000 after purchasing an additional 600 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Jacobs Solutions by 32.0% during the second quarter. Exchange Traded Concepts LLC now owns 58,551 shares of the company's stock worth $7,697,000 after purchasing an additional 14,197 shares during the period. Fulton Bank N.A. boosted its holdings in 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 purchasing an additional 74 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in shares of Jacobs Solutions by 3.7% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 36,666 shares of the company's stock valued at $4,862,000 after buying an additional 1,325 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Jacobs Solutions by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 133,644 shares of the company's stock valued at $17,723,000 after buying an additional 6,429 shares during the period. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Trading Up 1.5%

Shares of NYSE:J traded up $2.07 during trading on Thursday, reaching $136.27. The company's stock had a trading volume of 668,048 shares, compared to its average volume of 798,294. The stock has a market capitalization of $16.37 billion, a PE ratio of 37.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.77. Jacobs Solutions has a 12 month low of $106.23 and a 12 month high of $156.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The firm's 50 day simple moving average is $127.62 and its two-hundred day simple moving average is $127.55.

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

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's payout ratio is 35.26%.

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.