Brokerages Set Jacobs Solutions Inc. (NYSE:J) Price Target at $153.63

Shares of Jacobs Solutions Inc. (NYSE:J) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $153.86.

Several equities research analysts have commented on the company. Citigroup cut their target price on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird lowered their price objective on shares of Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group restated a “neutral” rating and set a $150.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 10th. Finally, Truist Financial lifted their price target on shares of Jacobs Solutions from $137.00 to $142.00 and gave the company a “hold” rating in a research note on Thursday, December 19th.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds have recently bought and sold shares of the company. Colonial Trust Co SC increased its position in Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after buying an additional 205 shares during the last quarter. Avalon Trust Co acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $33,000. Larson Financial Group LLC increased its holdings in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after acquiring an additional 115 shares during the last quarter. Quarry LP raised its stake in Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after acquiring an additional 233 shares during the period. Finally, True Wealth Design LLC acquired a new stake in Jacobs Solutions during the 3rd quarter valued at $44,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Trading Down 4.9 %

Shares of NYSE:J opened at $118.39 on Tuesday. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.84 and a beta of 0.73. Jacobs Solutions has a 12 month low of $118.19 and a 12 month high of $156.31. The company’s fifty day simple moving average is $127.83 and its 200 day simple moving average is $135.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. As a group, research analysts forecast that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Jacobs Solutions announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 4th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.08%. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Jacobs Solutions’s payout ratio is presently 26.39%.

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.