Jacobs Solutions (NYSE:J) Price Target Lowered to $153.00 at Truist Financial

Jacobs Solutions (NYSE:J) had its price objective lowered by Truist Financial from $154.00 to $153.00 in a report published on Wednesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

Other research analysts have also issued research reports about the company. William Blair lowered Jacobs Solutions from an outperform rating to a market perform rating in a research note on Wednesday. KeyCorp initiated coverage on shares of Jacobs Solutions in a report on Wednesday, January 10th. They set a sector weight rating on the stock. Robert W. Baird lowered their target price on shares of Jacobs Solutions from $168.00 to $163.00 and set an outperform rating for the company in a report on Wednesday. Royal Bank of Canada increased their price target on shares of Jacobs Solutions from $151.00 to $161.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. Finally, Citigroup boosted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the company a buy rating in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $156.25.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded up $1.28 during midday trading on Wednesday, hitting $139.79. 1,086,217 shares of the company’s stock were exchanged, compared to its average volume of 658,571. Jacobs Solutions has a 12-month low of $109.00 and a 12-month high of $154.50. The stock has a market cap of $17.56 billion, a price-to-earnings ratio of 24.96, a price-to-earnings-growth ratio of 1.57 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50 day simple moving average is $147.17 and its 200 day simple moving average is $138.31.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The business had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the previous year, the company posted $1.81 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts predict that Jacobs Solutions will post 8.07 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 0.83%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

Insider Buying and Selling

In related news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares in the company, valued at $35,711,532.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Shelette M. Gustafson sold 1,852 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now directly owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,338 shares of company stock valued at $3,618,695. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in J. Mirabella Financial Services LLP acquired a new stake in shares of Jacobs Solutions during the 3rd quarter worth about $202,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $5,192,000. Wellington Management Group LLP raised its stake in shares of Jacobs Solutions by 62.7% in the third quarter. Wellington Management Group LLP now owns 61,010 shares of the company’s stock valued at $8,328,000 after acquiring an additional 23,509 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Jacobs Solutions by 76.0% in the 4th quarter. Federated Hermes Inc. now owns 34,122 shares of the company’s stock worth $4,429,000 after acquiring an additional 14,740 shares in the last quarter. Finally, Raymond James & Associates grew its position in Jacobs Solutions by 14.7% during the 3rd quarter. Raymond James & Associates now owns 80,498 shares of the company’s stock worth $10,988,000 after acquiring an additional 10,296 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

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.