Jacobs Solutions (NYSE:J) Stock Rating Lowered by William Blair

Jacobs Solutions (NYSE:J - Get Free Report) was downgraded by William Blair from an "outperform" rating to a "market perform" rating in a report issued on Wednesday, Marketbeat.com reports.

J has been the topic of several other reports. Citigroup raised their target price on Jacobs Solutions from $161.00 to $169.00 and gave the company a "buy" rating in a report on Monday, April 22nd. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a "sector weight" rating for the company. Bank of America boosted their price objective on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a "neutral" rating in a report on Tuesday, April 2nd. Royal Bank of Canada raised their target price on Jacobs Solutions from $151.00 to $161.00 and gave the company an "outperform" rating in a research note on Wednesday, February 7th. Finally, Truist Financial started coverage on Jacobs Solutions in a research note on Thursday, March 14th. They issued a "hold" rating and a $154.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.25.

Jacobs Solutions Trading Down 2.2 %

NYSE:J traded down $3.12 during mid-day trading on Wednesday, reaching $138.52. The company's stock had a trading volume of 1,291,417 shares, compared to its average volume of 653,766. Jacobs Solutions has a twelve month low of $109.00 and a twelve month high of $154.50. The company's fifty day simple moving average is $147.34 and its two-hundred day simple moving average is $138.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market cap of $17.40 billion, a P/E ratio of 24.73, a P/E/G ratio of 1.57 and a beta of 0.74.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The company had revenue of $4.27 billion during the quarter, compared to analysts' expectations of $4.33 billion. During the same period in the previous year, the company earned $1.81 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts predict that Jacobs Solutions will post 8.07 EPS for the current year.

Insider Activity

In related news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $148.00, for a total transaction of $274,096.00. Following the transaction, the executive vice president now directly owns 28,791 shares of the company's stock, valued at $4,261,068. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Shelette M. Gustafson sold 1,852 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the sale, the executive vice president now directly owns 28,791 shares in the company, valued at $4,261,068. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the transaction, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,338 shares of company stock worth $3,618,695. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in J. Cambridge Investment Research Advisors Inc. raised its position in Jacobs Solutions by 29.0% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 20,320 shares of the company's stock valued at $2,774,000 after buying an additional 4,565 shares during the period. Raymond James & Associates boosted its holdings in shares of Jacobs Solutions by 14.7% during the third quarter. Raymond James & Associates now owns 80,498 shares of the company's stock worth $10,988,000 after purchasing an additional 10,296 shares during the period. Mackenzie Financial Corp grew its position in Jacobs Solutions by 106.8% during the third quarter. Mackenzie Financial Corp now owns 100,791 shares of the company's stock valued at $13,420,000 after purchasing an additional 52,063 shares in the last quarter. Strs Ohio increased its stake in Jacobs Solutions by 555.6% in the 3rd quarter. Strs Ohio now owns 104,279 shares of the company's stock valued at $14,234,000 after buying an additional 88,372 shares during the period. Finally, IFM Investors Pty Ltd lifted its position in Jacobs Solutions by 3.0% in the 3rd quarter. IFM Investors Pty Ltd now owns 12,551 shares of the company's stock worth $1,713,000 after buying an additional 364 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.