Jacobs Solutions (NYSE:J) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Jacobs Solutions (NYSE:J) in a report released on Wednesday morning. The brokerage issued a hold rating on the stock.

J has been the topic of a number of other research reports. Raymond James upgraded 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 restated an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a research note on Tuesday. Robert W. Baird boosted their target price on Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Benchmark downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Citigroup dropped their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Jacobs Solutions Stock Performance

Shares of J opened at $138.27 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a 50 day moving average price of $140.78 and a two-hundred day moving average price of $142.39. The firm has a market capitalization of $17.14 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.11 and a beta of 0.70. Jacobs Solutions has a 52 week low of $104.90 and a 52 week high of $150.54.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the previous year, the firm earned $1.90 EPS. Jacobs Solutions’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, October 25th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a yield of 0.84%. Jacobs Solutions’s payout ratio is 18.33%.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans increased its holdings in shares of Jacobs Solutions by 5,170.1% in the second quarter. Thrivent Financial for Lutherans now owns 419,075 shares of the company’s stock worth $58,550,000 after purchasing an additional 411,123 shares during the period. Sessa Capital IM L.P. bought a new position in shares of Jacobs Solutions in the third quarter worth $46,168,000. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Jacobs Solutions by 6.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,326,433 shares of the company’s stock worth $464,736,000 after purchasing an additional 192,166 shares during the period. Soros Fund Management LLC increased its holdings in shares of Jacobs Solutions by 34.3% in the third quarter. Soros Fund Management LLC now owns 500,907 shares of the company’s stock worth $65,569,000 after purchasing an additional 127,874 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Jacobs Solutions by 11.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,212,285 shares of the company’s stock worth $169,366,000 after purchasing an additional 127,605 shares during the period. Institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

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.