Jacobs Solutions (NYSE:J) Raised to Hold at Zacks Research

Jacobs Solutions (NYSE:J) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other research firms have also weighed in on J. KeyCorp lifted their price objective on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Bank of America cut their target price on shares of Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Wall Street Zen raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barclays upped their price objective on shares of Jacobs Solutions from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Truist Financial reduced their target price on Jacobs Solutions from $163.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.60.

Jacobs Solutions Stock Up 3.5%

Shares of Jacobs Solutions stock opened at $148.77 on Thursday. The business has a fifty day simple moving average of $137.17 and a 200 day simple moving average of $144.79. The stock has a market cap of $17.47 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 1.47 and a beta of 0.80. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.72. Jacobs Solutions has a 12 month low of $106.23 and a 12 month high of $168.44.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.01. Jacobs Solutions had a return on equity of 20.59% and a net margin of 3.49%.The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. Research analysts predict that Jacobs Solutions will post 6.05 EPS for the current year.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez bought 763 shares of the stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $130.78 per share, for a total transaction of $99,785.14. Following the acquisition, the director owned 10,380 shares in the company, valued at approximately $1,357,496.40. This trade represents a 7.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Peter J. Robertson purchased 1,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the purchase, the director directly owned 1,000 shares in the company, valued at approximately $134,760. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 2,513 shares of company stock valued at $335,878. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors have recently bought and sold shares of J. Ingalls & Snyder LLC bought a new stake in Jacobs Solutions in the 2nd quarter valued at $558,000. Atlantic Union Bankshares Corp boosted its position in Jacobs Solutions by 409.3% during the second 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 increased its holdings in shares of Jacobs Solutions by 90.1% in the second 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. Allianz Asset Management GmbH raised its position in shares of Jacobs Solutions by 125.9% in the second quarter. Allianz Asset Management GmbH now owns 10,520 shares of the company’s stock valued at $1,383,000 after purchasing an additional 5,863 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Jacobs Solutions by 18.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 79,244 shares of the company’s stock worth $10,403,000 after buying an additional 12,363 shares during the last quarter. 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.