Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three 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 objective among brokers that have updated their coverage on the stock in the last year is $150.86.

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

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors have recently modified their holdings of J. Kovitz Investment Group Partners LLC grew its holdings in shares of Jacobs Solutions by 345.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Jacobs Solutions by 933.6% during the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after purchasing an additional 1,904,988 shares during the period. Deutsche Bank AG grew its holdings in Jacobs Solutions by 148.2% during the fourth quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after purchasing an additional 396,759 shares during the period. Nuveen LLC bought a new position in Jacobs Solutions during the first quarter valued at $43,251,000. Finally, Vontobel Holding Ltd. grew its holdings in Jacobs Solutions by 639.3% during the first quarter. Vontobel Holding Ltd. now owns 342,251 shares of the company's stock valued at $41,375,000 after purchasing an additional 295,957 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.8%

Shares of J traded down $1.04 during trading hours on Thursday, reaching $135.17. The stock had a trading volume of 527,896 shares, compared to its average volume of 800,334. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68. Jacobs Solutions has a 52 week low of $106.23 and a 52 week high of $156.31. The firm has a 50-day moving average of $128.02 and a 200 day moving average of $127.55. The company has a market cap of $16.24 billion, a P/E ratio of 37.24, a P/E/G ratio of 1.92 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. The company's revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.91 EPS. On average, sell-side analysts expect that Jacobs Solutions will post 6.05 earnings per share 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 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions's dividend payout ratio is currently 35.26%.

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.