Jacobs Solutions (NYSE:J) Upgraded at KeyCorp

KeyCorp upgraded shares of Jacobs Solutions (NYSE:J) from a sector weight rating to an overweight rating in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have $155.00 target price on the stock.

A number of other brokerages have also recently commented on J. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Truist Financial increased their target price on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research report on Monday, May 12th. Citigroup dropped their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Royal Bank Of Canada raised their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.38.

Jacobs Solutions Stock Down 0.5%

J stock opened at $138.67 on Wednesday. The company has a market cap of $16.66 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 1.96 and a beta of 0.77. The business has a 50-day simple moving average of $129.51 and a 200 day simple moving average of $127.63. Jacobs Solutions has a 52 week low of $106.23 and a 52 week high of $156.31. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts anticipate that Jacobs Solutions will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, May 23rd. Jacobs Solutions’s payout ratio is 35.26%.

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Colonial Trust Co SC increased its position in shares of 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 acquiring an additional 205 shares in the last quarter. Rossby Financial LCC bought a new stake in Jacobs Solutions during the 1st quarter worth approximately $33,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Jacobs Solutions during the 2nd quarter worth approximately $44,000. Whipplewood Advisors LLC grew its holdings in Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after buying an additional 354 shares in the last quarter. Finally, Optiver Holding B.V. grew its holdings in Jacobs Solutions by 113.8% during the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after buying an additional 190 shares in the last quarter. Institutional investors own 85.65% of the company’s stock.

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.