Royal Bank Of Canada Reiterates “Outperform” Rating for Jacobs Solutions (NYSE:J)

Jacobs Solutions (NYSE:J)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank Of Canada in a report released on Tuesday,Benzinga reports. They presently have a $169.00 target price on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 48.23% from the company’s current price.

A number of other equities research analysts have also recently commented on J. Wells Fargo & Company decreased their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. KeyCorp lowered their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings cut Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Finally, Citigroup boosted their price target on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $153.40.

Jacobs Solutions Stock Performance

Shares of NYSE J traded up $0.41 during midday trading on Tuesday, hitting $114.02. 35,616 shares of the company’s stock traded hands, compared to its average volume of 1,012,952. The firm has a fifty day moving average of $126.25 and a 200 day moving average of $135.13. Jacobs Solutions has a 1 year low of $105.68 and a 1 year high of $168.44. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The stock has a market capitalization of $13.46 billion, a price-to-earnings ratio of 35.38, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.28 billion. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, analysts forecast that Jacobs Solutions will post 7.22 earnings per share for the current year.

Insider Activity

In other news, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $112.56 per share, for a total transaction of $28,477.68. Following the acquisition, the director owned 12,504 shares of the company’s stock, valued at approximately $1,407,450.24. This trade represents a 2.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert V. Pragada acquired 3,601 shares of Jacobs Solutions stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have bought 4,257 shares of company stock valued at $477,651. 0.48% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its holdings in shares of Jacobs Solutions by 2.2% in the third quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock worth $49,184,000 after purchasing an additional 7,072 shares during the last quarter. Citigroup Inc. lifted its holdings in Jacobs Solutions by 34.2% during the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock valued at $20,806,000 after buying an additional 35,380 shares in the last quarter. Kepler Cheuvreux Suisse SA purchased a new stake in Jacobs Solutions in the 4th quarter valued at about $2,161,000. Professional Advisory Services Inc. bought a new position in Jacobs Solutions in the 3rd quarter worth about $25,673,000. Finally, JPMorgan Chase & Co. increased its position in shares of Jacobs Solutions by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock worth $92,575,000 after acquiring an additional 73,567 shares during the period. Institutional investors own 85.65% of the company’s stock.

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.