Brokerages Set Jacobs Solutions Inc. (NYSE:J) Target Price at $150.86

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

J has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their target price 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 raised their price objective 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 lowered their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Citigroup reduced their target price 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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in J. Kovitz Investment Group Partners LLC grew its holdings in Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock worth $619,676,000 after acquiring an additional 3,597,564 shares in the last quarter. Lazard Asset Management LLC grew its stake in Jacobs Solutions by 933.6% in the fourth quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock worth $281,808,000 after purchasing an additional 1,904,988 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in Jacobs Solutions by 15,913.6% in the fourth quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock valued at $59,977,000 after buying an additional 446,057 shares during the last quarter. Deutsche Bank AG raised its stake 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 buying an additional 396,759 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Jacobs Solutions during the first quarter valued at approximately $43,251,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 0.9%

Jacobs Solutions stock traded down $1.18 during mid-day trading on Friday, reaching $127.28. 573,301 shares of the company's stock were exchanged, compared to its average volume of 805,348. Jacobs Solutions has a twelve month low of $106.23 and a twelve month high of $156.31. The company has a fifty day moving average of $124.09 and a 200-day moving average of $128.13. The company has a market cap of $15.29 billion, a P/E ratio of 35.06, a P/E/G ratio of 1.80 and a beta of 0.77. 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 (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the business earned $1.91 EPS. The company's revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Jacobs Solutions will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 1.01%. Jacobs Solutions's dividend payout ratio is currently 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.