Jacobs Solutions’ (J) “Neutral” Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Jacobs Solutions (NYSE:J) in a research report report published on Tuesday, MarketBeat.com reports. The Goldman Sachs Group currently has a $150.00 target price on the stock.

Several other analysts also recently commented on the company. Citigroup reduced their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Truist Financial dropped their price objective on shares of Jacobs Solutions from $158.00 to $139.00 and set a “hold” rating on the stock in a research note on Wednesday, October 9th. UBS Group upped their price objective on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Finally, Robert W. Baird increased their price target on shares of Jacobs Solutions from $147.00 to $149.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jacobs Solutions has an average rating of “Hold” and an average target price of $155.78.

Jacobs Solutions Stock Performance

NYSE:J opened at $136.02 on Tuesday. The firm has a market capitalization of $16.86 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. The business’s fifty day moving average price is $140.28 and its 200 day moving average price is $142.32. Jacobs Solutions has a 12 month low of $104.90 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.71). The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 earnings per share. On average, sell-side analysts anticipate that Jacobs Solutions will post 6.06 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, October 25th. Jacobs Solutions’s dividend payout ratio is currently 18.33%.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds have recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new position in shares of Jacobs Solutions in the 2nd quarter valued at about $26,000. First Horizon Advisors Inc. raised its holdings in Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the period. Quarry LP lifted its position in Jacobs Solutions by 394.9% during the third quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after buying an additional 233 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Jacobs Solutions during the third quarter worth approximately $42,000. Finally, True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the third quarter worth $44,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

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.