Jacobs Solutions (NYSE:J) Stock Rating Upgraded by StockNews.com

by · The Cerbat Gem

Jacobs Solutions (NYSE:J – Get Free Report) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Other research analysts have also issued reports about the company. UBS Group increased their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Friday, October 4th. Royal Bank of Canada increased their price target on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Robert W. Baird reduced their price objective on shares of Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Citigroup boosted their target price on Jacobs Solutions from $138.60 to $166.00 and gave the stock a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $159.30.

Read Our Latest Research Report on J

Jacobs Solutions Price Performance

NYSE J traded down $1.79 during trading hours on Tuesday, reaching $141.75. The company’s stock had a trading volume of 481,129 shares, compared to its average volume of 810,597. 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 has a 1-year low of $100.59 and a 1-year high of $144.56. The company’s 50-day moving average is $144.60 and its two-hundred day moving average is $142.81. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 1.39 and a beta of 0.72.

Jacobs Solutions (NYSE:J – Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter in the previous year, the company posted $1.82 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that Jacobs Solutions will post 7.95 EPS for the current year.

Insider Buying and Selling

In related news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Christopher M.T. Thompson sold 1,898 shares of Jacobs Solutions stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now directly owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now directly owns 527,138 shares in the company, valued at approximately $77,426,029.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,516 shares of company stock valued at $2,152,693. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Jacobs Solutions

Institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System lifted its position in Jacobs Solutions by 8.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after buying an additional 10,542 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Jacobs Solutions by 305.4% during the 1st quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after acquiring an additional 137,213 shares during the period. Sei Investments Co. boosted its position in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after acquiring an additional 66,002 shares during the last quarter. Everett Harris & Co. CA grew its holdings in Jacobs Solutions by 12.5% in the first quarter. Everett Harris & Co. CA now owns 94,266 shares of the company’s stock valued at $14,492,000 after purchasing an additional 10,470 shares during the period. Finally, Duality Advisers LP increased its position in Jacobs Solutions by 1,241.6% during the first quarter. Duality Advisers LP now owns 25,289 shares of the company’s stock worth $3,888,000 after purchasing an additional 23,404 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

About Jacobs Solutions

(Get Free Report)

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.

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