Jacobs Solutions (NYSE:J) Price Target Increased to $169.00 by Analysts at Citigroup

Jacobs Solutions (NYSE:J) had its target price upped by Citigroup from $161.00 to $169.00 in a research report report published on Monday, Benzinga reports. They currently have a buy rating on the stock.

J has been the topic of several other research reports. Argus lifted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Bank of America lifted their price target on Jacobs Solutions from $145.00 to $152.00 and gave the stock a neutral rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on Jacobs Solutions from $151.00 to $161.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a hold rating and a $154.00 price target on the stock. Finally, KeyCorp assumed coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a sector weight rating on the stock. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $155.25.

Jacobs Solutions Price Performance

J stock opened at $144.11 on Monday. The business has a 50 day moving average price of $147.59 and a 200 day moving average price of $137.73. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 0.73. Jacobs Solutions has a fifty-two week low of $109.00 and a fifty-two week high of $154.50. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.42.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.46. The firm had revenue of $4.20 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Jacobs Solutions had a return on equity of 14.57% and a net margin of 4.20%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 earnings per share. Equities research analysts anticipate that Jacobs Solutions will post 8.07 earnings per share for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were paid a $0.29 dividend. The ex-dividend date was Thursday, February 22nd. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s payout ratio is 20.71%.

Insider Activity at Jacobs Solutions

In related news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now directly owns 555,138 shares in the company, valued at $85,047,141.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Patrick Hill sold 5,486 shares of Jacobs Solutions stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $149.00, for a total value of $817,414.00. Following the sale, the executive vice president now directly owns 57,233 shares in the company, valued at $8,527,717. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now owns 555,138 shares in the company, valued at $85,047,141.60. The disclosure for this sale can be found here. Insiders have sold a total of 15,838 shares of company stock worth $2,393,710 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Jacobs Solutions

A number of institutional investors have recently bought and sold shares of J. CWM LLC boosted its position in Jacobs Solutions by 22.1% during the third quarter. CWM LLC now owns 1,904 shares of the company’s stock worth $260,000 after purchasing an additional 345 shares in the last quarter. IFP Advisors Inc boosted its position in Jacobs Solutions by 3.7% during the third quarter. IFP Advisors Inc now owns 2,165 shares of the company’s stock worth $296,000 after purchasing an additional 78 shares in the last quarter. HB Wealth Management LLC boosted its position in Jacobs Solutions by 10.4% during the third quarter. HB Wealth Management LLC now owns 2,242 shares of the company’s stock worth $306,000 after purchasing an additional 212 shares in the last quarter. Montecito Bank & Trust purchased a new stake in Jacobs Solutions during the third quarter worth $229,000. Finally, Park Place Capital Corp lifted its position in shares of Jacobs Solutions by 473.9% in the third quarter. Park Place Capital Corp now owns 264 shares of the company’s stock valued at $36,000 after acquiring an additional 218 shares in the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Company Profile

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.