Jacobs Solutions (NYSE:J) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Jacobs Solutions (NYSE:J) in a research report issued on Tuesday. The firm set a “buy” rating on the stock.

Other equities analysts have also issued research reports about the company. Citigroup decreased their target price on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Truist Financial reduced their price target on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada dropped their price objective on shares of Jacobs Solutions from $167.00 to $152.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Robert W. Baird raised their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.50.

Jacobs Solutions Stock Up 1.5 %

Shares of NYSE J opened at $139.36 on Tuesday. The company has a 50 day simple moving average of $142.01 and a 200-day simple moving average of $142.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.14. The company has a market capitalization of $17.32 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.07 and a beta of 0.71. Jacobs Solutions has a 1 year low of $101.64 and a 1 year high of $150.54.

Jacobs Solutions (NYSE:J) last announced 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 net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $4.50 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that Jacobs Solutions will post 6.07 earnings per share for the current year.

Insider Buying and Selling at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $150.14, for a total value of $625,633.38. Following the transaction, the executive vice president now directly owns 24,564 shares of the company’s stock, valued at $3,688,038.96. This trade represents a 14.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the sale, the director now owns 42,069 shares in the company, valued at $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

A number of large investors have recently made changes to their positions in the company. Tlwm boosted its stake in Jacobs Solutions by 1.2% during the 2nd quarter. Tlwm now owns 6,046 shares of the company’s stock worth $845,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. raised its holdings in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in shares of Jacobs Solutions by 1.4% in the second quarter. Hudson Edge Investment Partners Inc. now owns 5,967 shares of the company’s stock valued at $834,000 after buying an additional 82 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Jacobs Solutions by 1.9% during the third quarter. Empirical Finance LLC now owns 4,358 shares of the company’s stock worth $570,000 after buying an additional 82 shares during the period. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Jacobs Solutions by 4.0% during the third quarter. OneDigital Investment Advisors LLC now owns 2,239 shares of the company’s stock worth $293,000 after buying an additional 86 shares during the last quarter. 85.65% of the stock is owned by institutional investors and hedge funds.

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.