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

Jacobs Solutions Inc. (NYSE:J - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $150.86.

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. UBS Group decreased their target price 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. Truist Financial lifted their target price on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Finally, Citigroup decreased 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.

Jacobs Solutions Stock Down 1.4%

J stock opened at $125.76 on Friday. 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 firm's 50-day simple moving average is $123.34 and its 200 day simple moving average is $128.31. The stock has a market cap of $15.11 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.84 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.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company earned $1.91 earnings per share. The company's quarterly revenue was up 2.2% compared to the same quarter last year. As a group, sell-side analysts predict that Jacobs Solutions will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 1.02%. Jacobs Solutions's dividend payout ratio (DPR) is 35.26%.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently modified their holdings of the company. Kovitz Investment Group Partners LLC lifted its position in Jacobs Solutions by 345.9% during 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 buying an additional 3,597,564 shares during the period. Lazard Asset Management LLC grew its holdings in shares of 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 acquiring an additional 1,904,988 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Jacobs Solutions by 15,913.6% in the 4th quarter. Proficio Capital Partners LLC now owns 448,860 shares of the company's stock worth $59,977,000 after purchasing an additional 446,057 shares during the period. Deutsche Bank AG grew its position in shares of Jacobs Solutions by 148.2% during the 4th quarter. Deutsche Bank AG now owns 664,564 shares of the company's stock valued at $88,799,000 after acquiring an additional 396,759 shares during the period. Finally, Nuveen LLC purchased a new stake in Jacobs Solutions in the first quarter worth about $43,251,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.

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