Jacobs Solutions Inc. (NYSE:J – Get Free Report) insider Steven J. Demetriou sold 6,666 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $138.97, for a total value of $926,374.02. Following the completion of the transaction, the insider now directly owns 567,960 shares of the company’s stock, valued at approximately $78,929,401.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jacobs Solutions Stock Down 0.2 %
Shares of Jacobs Solutions stock opened at $132.51 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.48. The business’s 50 day simple moving average is $134.71 and its 200-day simple moving average is $124.19. The stock has a market capitalization of $16.69 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.61 and a beta of 0.81. Jacobs Solutions Inc. has a twelve month low of $109.00 and a twelve month high of $141.16.
Jacobs Solutions (NYSE:J – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $1.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.82. The business had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.07 billion. Jacobs Solutions had a return on equity of 14.30% and a net margin of 4.65%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 EPS. Equities research analysts forecast that Jacobs Solutions Inc. will post 7.34 earnings per share for the current year.
Jacobs Solutions Dividend Announcement
Analyst Upgrades and Downgrades
A number of research analysts recently commented on J shares. Credit Suisse Group reduced their price target on Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating for the company in a report on Wednesday, August 9th. StockNews.com started coverage on Jacobs Solutions in a research note on Thursday, October 5th. They set a “buy” rating on the stock. Royal Bank of Canada upped their price objective on Jacobs Solutions from $152.00 to $157.00 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Robert W. Baird upped their price objective on Jacobs Solutions from $135.00 to $150.00 in a research note on Wednesday, August 9th. Finally, TD Cowen upped their price objective on Jacobs Solutions from $128.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $149.00.
Institutional Trading of Jacobs Solutions
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global Wealth Strategies & Associates bought a new stake in Jacobs Solutions during the 3rd quarter valued at $63,000. Bremer Bank National Association raised its stake in Jacobs Solutions by 3.8% during the 3rd quarter. Bremer Bank National Association now owns 25,340 shares of the company’s stock valued at $3,459,000 after acquiring an additional 916 shares in the last quarter. Ballentine Partners LLC raised its stake in Jacobs Solutions by 101.9% during the 3rd quarter. Ballentine Partners LLC now owns 6,658 shares of the company’s stock valued at $909,000 after acquiring an additional 3,360 shares in the last quarter. Czech National Bank raised its stake in Jacobs Solutions by 46.6% during the 3rd quarter. Czech National Bank now owns 22,008 shares of the company’s stock valued at $3,004,000 after acquiring an additional 6,992 shares in the last quarter. Finally, WASHINGTON TRUST Co raised its stake in Jacobs Solutions by 1.2% during the 3rd quarter. WASHINGTON TRUST Co now owns 119,699 shares of the company’s stock valued at $16,339,000 after acquiring an additional 1,450 shares in the last quarter. 84.77% of the stock is currently owned by institutional investors and hedge funds.
About Jacobs Solutions
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.
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