Brokerages Set Jacobs Solutions Inc. (NYSE:J) PT at $148.60

Posted by Defense World Staff on Aug 13th, 2023

Shares of Jacobs Solutions Inc. (NYSE:J – Get Free Report) have received a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $149.00.

A number of research firms have commented on J. Robert W. Baird raised their price target on Jacobs Solutions from $135.00 to $150.00 in a report on Wednesday. Sanford C. Bernstein decreased their price target on Jacobs Solutions from $165.00 to $150.00 in a report on Wednesday, May 10th. TD Cowen raised their price target on Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday. Credit Suisse Group decreased their price target on Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Citigroup raised their price objective on Jacobs Solutions from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday.

Get Our Latest Analysis on J

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $114.25, for a total transaction of $171,375.00. Following the completion of the transaction, the chief financial officer now owns 252,132 shares in the company, valued at $28,806,081. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kevin C. Berryman sold 1,500 shares of Jacobs Solutions stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $114.25, for a total transaction of $171,375.00. Following the completion of the sale, the chief financial officer now owns 252,132 shares of the company’s stock, valued at $28,806,081. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven J. Demetriou sold 6,666 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $115.10, for a total transaction of $767,256.60. Following the sale, the insider now directly owns 594,624 shares of the company’s stock, valued at approximately $68,441,222.40. The disclosure for this sale can be found here. Insiders sold 22,998 shares of company stock worth $2,714,356 over the last 90 days. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of large investors have recently bought and sold shares of J. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Jacobs Solutions in the first quarter valued at approximately $125,000. Panagora Asset Management Inc. raised its stake in Jacobs Solutions by 22.6% in the first quarter. Panagora Asset Management Inc. now owns 3,472 shares of the company’s stock valued at $478,000 after buying an additional 641 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Jacobs Solutions by 5.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,290 shares of the company’s stock worth $2,383,000 after acquiring an additional 933 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Jacobs Solutions by 4.8% during the first quarter. Cibc World Market Inc. now owns 14,801 shares of the company’s stock worth $2,040,000 after acquiring an additional 680 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of Jacobs Solutions by 5.6% during the first quarter. Vontobel Holding Ltd. now owns 8,445 shares of the company’s stock worth $1,179,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $136.46 on Thursday. Jacobs Solutions has a one year low of $106.78 and a one year high of $137.45. The stock’s fifty day moving average is $121.97 and its 200 day moving average is $118.92. The stock has a market cap of $17.18 billion, a P/E ratio of 23.53, a P/E/G ratio of 1.84 and a beta of 0.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.53 and a current ratio of 1.46.

Jacobs Solutions (NYSE:J – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $1.82 EPS for the quarter, hitting analysts’ consensus estimates of $1.82. Jacobs Solutions had a return on equity of 14.30% and a net margin of 4.65%. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.07 billion. During the same period last year, the firm earned $1.86 EPS. Jacobs Solutions’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Jacobs Solutions will post 7.34 earnings per share for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, July 28th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, July 27th. This represents a $1.04 annualized dividend and a dividend yield of 0.76%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 17.93%.

Jacobs Solutions Company Profile

(Get Free Report

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.