Brokerages Set Jacobs Solutions Inc. (NYSE:J) PT at $160.40

Shares of Jacobs Solutions Inc. (NYSE:J) have been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $161.67.

Several equities research analysts recently issued reports on J shares. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada lifted their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Truist Financial restated a “hold” rating and issued a $158.00 price objective (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. UBS Group raised their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Finally, Robert W. Baird cut their price target on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th.

Insider Activity

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at $3,688,038.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.14, for a total transaction of $625,633.38. Following the completion of the sale, the executive vice president now directly owns 24,564 shares in the company, valued at $3,688,038.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total value of $1,028,160.00. Following the transaction, the insider now directly owns 527,138 shares of the company’s stock, valued at approximately $77,426,029.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,516 shares of company stock valued at $3,132,273. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors grew its holdings in shares of Jacobs Solutions by 0.8% during the 4th quarter. Capital World Investors now owns 6,398,776 shares of the company’s stock worth $830,561,000 after acquiring an additional 49,545 shares during the period. Boston Partners grew its stake in Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock worth $567,436,000 after purchasing an additional 805,657 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Jacobs Solutions by 11.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock valued at $169,366,000 after buying an additional 127,605 shares during the period. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Jacobs Solutions by 20.0% during the 4th quarter. Epoch Investment Partners Inc. now owns 826,336 shares of the company’s stock valued at $107,258,000 after buying an additional 137,604 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Trading Up 0.1 %

Shares of Jacobs Solutions stock opened at $144.94 on Friday. The company’s 50-day moving average price is $145.73 and its 200-day moving average price is $144.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a 12-month low of $120.71 and a 12-month high of $154.50. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.63 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period in the prior year, the company posted $1.82 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Jacobs Solutions will post 7.97 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is currently 22.39%.

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.