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

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

Several other research firms have also recently issued reports on J. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They issued a sector weight rating on the stock. Argus increased their price objective on shares of Jacobs Solutions from $161.00 to $174.00 and gave the company a buy rating in a research report on Thursday, March 14th. Robert W. Baird dropped their target price on Jacobs Solutions from $168.00 to $163.00 and set an outperform rating on the stock in a research report on Wednesday. Citigroup increased their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a buy rating in a research note on Monday, April 22nd. Finally, Bank of America upped their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the company a neutral rating in a report on Tuesday, April 2nd. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $156.25.

Jacobs Solutions Stock Up 0.9 %

Shares of J stock traded up $1.28 during mid-day trading on Wednesday, reaching $139.79. 1,086,217 shares of the company’s stock traded hands, 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 company has a market cap of $17.56 billion, a P/E ratio of 24.96, a P/E/G ratio of 1.57 and a beta of 0.74. The company’s 50-day moving average price is $147.17 and its 200-day moving average price is $138.31. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last posted 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. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. Jacobs Solutions’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 EPS. On average, equities analysts expect that Jacobs Solutions will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

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

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction that occurred on Friday, February 16th. The shares were 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 in the company, valued at approximately $4,261,068. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Steven J. Demetriou sold 7,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares of the company’s stock, valued at $85,047,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Shelette M. Gustafson sold 1,852 shares of Jacobs Solutions stock in a transaction on Friday, February 16th. The shares were sold at an average price of $148.00, for a total transaction of $274,096.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,338 shares of company stock valued at $3,618,695. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors have recently modified their holdings of J. Boston Partners grew its position in shares of Jacobs Solutions by 268.4% in the fourth quarter. Boston Partners now owns 2,891,429 shares of the company’s stock valued at $375,623,000 after purchasing an additional 2,106,589 shares during the period. Massachusetts Financial Services Co. MA raised 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 valued at $215,215,000 after acquiring an additional 951,369 shares during the last quarter. Baupost Group LLC MA purchased a new position in shares of Jacobs Solutions in the third quarter valued at approximately $66,583,000. Third Point LLC boosted its stake in shares of Jacobs Solutions by 32.8% in the third quarter. Third Point LLC now owns 1,800,000 shares of the company’s stock worth $245,700,000 after acquiring an additional 445,018 shares during the last quarter. Finally, Ceredex Value Advisors LLC increased its position in shares of Jacobs Solutions by 117.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 615,289 shares of the company’s stock worth $79,865,000 after purchasing an additional 332,053 shares in the last quarter. 85.65% of the stock is currently 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.