Robert W. Baird Issues Positive Forecast for Jacobs Solutions (NYSE:J) Stock Price

Jacobs Solutions (NYSE:J) had its target price lifted by Robert W. Baird from $147.00 to $149.00 in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on the company. UBS Group lifted their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Citigroup increased their price objective on shares of Jacobs Solutions from $138.60 to $166.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Royal Bank of Canada lifted their target price on shares of Jacobs Solutions from $161.00 to $167.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com initiated coverage on Jacobs Solutions in a report on Monday. They set a “buy” rating on the stock. Finally, Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, October 4th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price of $157.70.

Jacobs Solutions Stock Down 0.8 %

Shares of Jacobs Solutions stock opened at $132.45 on Wednesday. Jacobs Solutions has a 1 year low of $100.59 and a 1 year high of $150.54. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 1.57 and a beta of 0.71. The company has a 50-day moving average of $142.38 and a 200 day moving average of $142.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the business posted $1.90 earnings per share. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Jacobs Solutions will post 7.02 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, October 25th. Jacobs Solutions’s payout ratio is currently 22.92%.

Insider Activity at Jacobs Solutions

In related news, EVP Shelette M. Gustafson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.14, for a total value of $625,633.38. Following the completion of the sale, the executive vice president now owns 24,564 shares in the company, valued at approximately $3,688,038.96. The trade was a 14.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This represents a 4.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in J. Virtu Financial LLC boosted its position in Jacobs Solutions by 151.2% in the third quarter. Virtu Financial LLC now owns 4,675 shares of the company’s stock valued at $612,000 after buying an additional 2,814 shares during the last quarter. TCW Group Inc. lifted its stake in Jacobs Solutions by 36.7% during the 3rd quarter. TCW Group Inc. now owns 15,569 shares of the company’s stock valued at $2,038,000 after acquiring an additional 4,180 shares during the period. Toronto Dominion Bank boosted its holdings in shares of Jacobs Solutions by 14.5% in the 3rd quarter. Toronto Dominion Bank now owns 62,721 shares of the company’s stock valued at $8,210,000 after acquiring an additional 7,943 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Jacobs Solutions in the third quarter worth $2,402,000. Finally, Coldstream Capital Management Inc. raised its holdings in shares of Jacobs Solutions by 19.9% during the third quarter. Coldstream Capital Management Inc. now owns 2,464 shares of the company’s stock worth $324,000 after purchasing an additional 409 shares during 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 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.