Jacobs Solutions (NYSE:J) Price Target Raised to $171.00

Jacobs Solutions (NYSE:J) had its target price upped by Royal Bank Of Canada from $169.00 to $171.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Weiss Ratings cut shares of Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Truist Financial reduced their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. KeyCorp dropped their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Finally, Robert W. Baird cut their price target on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average price target of $153.30.

Jacobs Solutions Stock Up 2.0%

J opened at $134.57 on Wednesday. Jacobs Solutions has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market cap of $15.89 billion, a PE ratio of 41.79, a price-to-earnings-growth ratio of 1.28 and a beta of 0.69. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 1.24. The company has a 50 day moving average of $123.84 and a 200 day moving average of $129.27.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, sell-side analysts expect that Jacobs Solutions will post 7.23 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.36 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 44.72%.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez acquired 403 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the acquisition, the director directly owned 12,251 shares of the company’s stock, valued at approximately $1,493,764.43. This trade represents a 3.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased at an average cost of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at approximately $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 90 days, insiders purchased 4,257 shares of company stock valued at $477,651. 0.48% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently modified their holdings of J. State Street Corp grew its stake in shares of Jacobs Solutions by 3.4% during the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after acquiring an additional 243,345 shares during the period. Morgan Stanley grew its holdings in Jacobs Solutions by 19.5% during the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after buying an additional 552,277 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Jacobs Solutions by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock valued at $424,846,000 after buying an additional 28,076 shares during the last quarter. Ninety One UK Ltd lifted its holdings in shares of Jacobs Solutions by 2.8% in the fourth quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after buying an additional 86,677 shares in the last quarter. Finally, Boston Partners lifted its stake in Jacobs Solutions by 3.7% in the 3rd quarter. Boston Partners now owns 3,040,383 shares of the company’s stock worth $456,746,000 after purchasing an additional 108,134 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Company Profile

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.