Jacobs Solutions (NYSE:J) Lowered to “Hold” Rating by Benchmark

Benchmark downgraded shares of Jacobs Solutions (NYSE:J) from a buy rating to a hold rating in a research report released on Wednesday, Marketbeat reports.

A number of other brokerages also recently weighed in on J. UBS Group increased their price target on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada upped their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird lifted their price objective on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a report on Wednesday. Truist Financial lowered their target price on Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup lifted their price target on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $157.70.

Jacobs Solutions Stock Down 0.8 %

Shares of J opened at $132.45 on Wednesday. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.57 and a beta of 0.71. Jacobs Solutions has a 52 week low of $100.59 and a 52 week high of $150.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.14 and a current ratio of 1.14. The business’s fifty day moving average price is $142.38 and its two-hundred day moving average price is $142.41.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period last year, the firm earned $1.90 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that Jacobs Solutions will post 7.02 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, October 25th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 0.88%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 22.92%.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 4.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the executive vice president now directly owns 24,564 shares in the company, valued at approximately $3,688,038.96. This represents a 14.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several hedge funds have recently added to or reduced their stakes in J. Boston Partners grew its stake in shares of Jacobs Solutions by 27.9% in the first quarter. Boston Partners now owns 3,697,086 shares of the company’s stock valued at $567,436,000 after acquiring an additional 805,657 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Jacobs Solutions by 5,170.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after purchasing an additional 411,123 shares in the last quarter. Sessa Capital IM L.P. acquired a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $46,168,000. Barrow Hanley Mewhinney & Strauss LLC grew its position in Jacobs Solutions by 6.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after buying an additional 192,166 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in Jacobs Solutions by 7,306.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 138,051 shares of the company’s stock worth $21,223,000 after acquiring an additional 136,187 shares during the period. 85.65% of the stock is owned by institutional investors and hedge funds.

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.