Jacobs Solutions (NYSE:J) Earns Hold Rating from Analysts at HSBC

Stock analysts at HSBC began coverage on shares of Jacobs Solutions (NYSE:J) in a report released on Friday, FlyOnTheWall reports. The brokerage set a “hold” rating on the stock.

Several other brokerages have also weighed in on J. Credit Suisse Group cut their price objective on shares of Jacobs Solutions from $153.00 to $151.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. StockNews.com assumed coverage on Jacobs Solutions in a report on Thursday, August 17th. They set a “buy” rating for the company. Royal Bank of Canada boosted their price target on Jacobs Solutions from $152.00 to $157.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. TD Cowen boosted their target price on Jacobs Solutions from $128.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Finally, Robert W. Baird raised their price target on shares of Jacobs Solutions from $135.00 to $150.00 in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.00.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $134.00 on Friday. The firm’s 50-day moving average is $130.02 and its two-hundred day moving average is $120.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $16.87 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.76 and a beta of 0.82. Jacobs Solutions has a 12-month low of $106.78 and a 12-month high of $137.61.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 8th. The company reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. Jacobs Solutions had a net margin of 4.65% and a return on equity of 14.30%. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.07 billion. During the same period in the previous year, the company earned $1.86 EPS. Jacobs Solutions’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts predict that Jacobs Solutions will post 7.35 earnings per share for the current year.

Insider Buying and Selling

In other Jacobs Solutions news, insider Steven J. Demetriou sold 6,666 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $122.99, for a total value of $819,851.34. Following the completion of the transaction, the insider now directly owns 587,958 shares of the company’s stock, valued at approximately $72,312,954.42. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Steven J. Demetriou sold 6,666 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $122.99, for a total transaction of $819,851.34. Following the completion of the sale, the insider now owns 587,958 shares of the company’s stock, valued at $72,312,954.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $125.30, for a total transaction of $187,950.00. Following the completion of the sale, the chief financial officer now directly owns 249,132 shares in the company, valued at $31,216,239.60. The disclosure for this sale can be found here. Insiders have sold 14,832 shares of company stock valued at $1,917,844 in the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new position in Jacobs Solutions during the first quarter worth $25,000. OLD Mission Capital LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $26,000. BerganKDV Wealth Management LLC acquired a new stake in Jacobs Solutions during the first quarter worth about $26,000. Clear Street Markets LLC lifted its holdings in Jacobs Solutions by 93.8% in the first quarter. Clear Street Markets LLC now owns 250 shares of the company’s stock worth $29,000 after acquiring an additional 121 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Jacobs Solutions by 47.7% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 254 shares of the company’s stock valued at $30,000 after acquiring an additional 82 shares during the period. Institutional investors own 84.77% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. It operates through three segments: Critical Mission Solutions, People & Places Solutions, and PA Consulting.