Jacobs Solutions Inc. (NYSE:J) Receives $154.08 Consensus PT from Analysts

Shares of Jacobs Solutions Inc. (NYSE:J) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $154.08.

A number of analysts recently issued reports on the company. Truist Financial assumed coverage on Jacobs Solutions in a research note on Thursday, March 14th. They set a “hold” rating and a $154.00 target price for the company. Argus raised their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Bank of America raised their price target on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. KeyCorp started coverage on shares of Jacobs Solutions in a research note on Wednesday, January 10th. They set a “sector weight” rating for the company. Finally, Royal Bank of Canada raised 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.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $143.50 on Tuesday. The company has a market capitalization of $18.03 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.54 and a beta of 0.73. The firm’s 50 day simple moving average is $147.65 and its 200 day simple moving average is $137.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. During the same period last year, the company posted $1.67 EPS. Jacobs Solutions’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Jacobs Solutions will post 8.07 earnings per share for the current year.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, February 23rd were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. Jacobs Solutions’s dividend payout ratio (DPR) is currently 20.71%.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick Hill sold 5,486 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the completion of the transaction, the executive vice president now owns 57,233 shares in the company, valued at approximately $8,527,717. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,838 shares of company stock valued at $2,393,710. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners grew its holdings in shares of Jacobs Solutions by 268.4% during the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock worth $375,623,000 after purchasing an additional 2,106,589 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Jacobs Solutions by 134.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,658,049 shares of the company’s stock worth $215,215,000 after purchasing an additional 951,369 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Jacobs Solutions by 1,162.8% during the first quarter. Mackenzie Financial Corp now owns 866,765 shares of the company’s stock worth $119,449,000 after purchasing an additional 798,125 shares during the last quarter. Select Equity Group L.P. lifted its stake in shares of Jacobs Solutions by 12.6% in the first quarter. Select Equity Group L.P. now owns 4,717,432 shares of the company’s stock worth $554,345,000 after acquiring an additional 529,557 shares during the period. Finally, Baupost Group LLC MA acquired a new position in shares of Jacobs Solutions in the third quarter worth approximately $66,583,000. Institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

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.