Jacobs Solutions (NYSE:J – Get Free Report) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.
Other equities research analysts also recently issued research reports about the company. Robert W. Baird downgraded Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, November 21st. Citigroup cut their target price on shares of Jacobs Solutions from $182.00 to $180.00 and set a “buy” rating on the stock in a research note on Friday, November 21st. Barclays raised their target price on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jacobs Solutions in a report on Monday, December 29th. Finally, KeyCorp raised their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.60.
Check Out Our Latest Stock Report on Jacobs Solutions
Jacobs Solutions Stock Performance
Jacobs Solutions (NYSE:J – Get Free Report) last issued its quarterly earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.08. Jacobs Solutions had a net margin of 2.41% and a return on equity of 19.14%. The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same period in the prior year, the firm earned $1.37 earnings per share. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, sell-side analysts forecast that Jacobs Solutions will post 6.05 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Venkatesh Nathamuni purchased 750 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average cost of $135.11 per share, with a total value of $101,332.50. Following the acquisition, the chief financial officer owned 20,785 shares in the company, valued at approximately $2,808,261.35. This trade represents a 3.74% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Robertson bought 1,000 shares of Jacobs Solutions stock in a transaction dated Monday, November 24th. The stock was acquired at an average cost of $134.76 per share, with a total value of $134,760.00. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at $134,760. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 2,513 shares of company stock valued at $335,878. Company insiders own 0.48% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Ingalls & Snyder LLC bought a new stake in Jacobs Solutions in the second quarter valued at approximately $558,000. Atlantic Union Bankshares Corp lifted its position in shares of Jacobs Solutions by 409.3% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 12,514 shares of the company’s stock worth $1,645,000 after purchasing an additional 10,057 shares during the period. Focus Partners Advisor Solutions LLC boosted its stake in shares of Jacobs Solutions by 90.1% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,375 shares of the company’s stock valued at $706,000 after purchasing an additional 2,548 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Jacobs Solutions by 1,399.5% in the 2nd quarter. OLD National Bancorp IN now owns 29,811 shares of the company’s stock valued at $3,919,000 after purchasing an additional 27,823 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Jacobs Solutions by 125.9% during the second quarter. Allianz Asset Management GmbH now owns 10,520 shares of the company’s stock worth $1,383,000 after buying an additional 5,863 shares during the period. 85.65% of the stock is currently owned by institutional investors.
About Jacobs Solutions
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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