Jacobs Solutions (NYSE:J) Given New $161.00 Price Target at Credit Suisse Group

Jacobs Solutions (NYSE:JGet Rating) had its price objective lifted by Credit Suisse Group from $154.00 to $161.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently weighed in on J. Royal Bank of Canada dropped their target price on shares of Jacobs Solutions from $155.00 to $150.00 and set an outperform rating for the company in a research note on Tuesday. Citigroup dropped their target price on shares of Jacobs Solutions from $155.00 to $151.00 and set a buy rating for the company in a research note on Tuesday, August 2nd. Finally, StockNews.com initiated coverage on shares of Jacobs Solutions in a research note on Wednesday, October 12th. They issued a buy rating for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of Moderate Buy and an average price target of $157.00.

Jacobs Solutions Trading Up 1.0 %

Shares of J stock opened at $123.50 on Tuesday. Jacobs Solutions has a 12-month low of $106.78 and a 12-month high of $150.32. The company has a market capitalization of $15.76 billion, a P/E ratio of 24.80, a P/E/G ratio of 1.46 and a beta of 0.88. The firm has a 50-day moving average price of $116.10 and a 200 day moving average price of $124.65. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.55.

Jacobs Solutions (NYSE:JGet Rating) last announced its quarterly earnings results on Monday, November 21st. The company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.03. Jacobs Solutions had a net margin of 4.32% and a return on equity of 14.76%. The firm had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.85 billion. During the same period last year, the firm posted $1.58 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Research analysts forecast that Jacobs Solutions will post 7.76 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 28th. Investors of record on Friday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, September 29th. Jacobs Solutions’s dividend payout ratio (DPR) is 18.47%.

Insider Buying and Selling

In related news, CEO Steven J. Demetriou sold 51,130 shares of the business’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $125.10, for a total transaction of $6,396,363.00. Following the completion of the sale, the chief executive officer now directly owns 631,447 shares of the company’s stock, valued at $78,994,019.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in Jacobs Solutions by 564.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 17,490 shares of the company’s stock valued at $1,898,000 after purchasing an additional 14,856 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new position in Jacobs Solutions during the third quarter valued at approximately $25,743,000. Power Corp of Canada acquired a new position in Jacobs Solutions during the third quarter valued at approximately $1,337,000. Captrust Financial Advisors grew its holdings in Jacobs Solutions by 0.9% during the third quarter. Captrust Financial Advisors now owns 285,346 shares of the company’s stock valued at $30,957,000 after purchasing an additional 2,594 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Jacobs Solutions by 4.1% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,573 shares of the company’s stock valued at $496,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 86.73% of the company’s stock.

About Jacobs Solutions

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Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It provides cybersecurity, data analytics, systems and software application integration and consulting, enterprise and mission IT, engineering and design, nuclear, enterprise level operations and maintenance, artificial intelligence and automation, software development, digitally driven consulting, planning and architecture, program management, and other technical consulting solutions.

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