Jacobs Solutions (NYSE:J) Price Target Cut to $131.00 by Analysts at Wells Fargo & Company

Jacobs Solutions (NYSE:J) had its target price trimmed by Wells Fargo & Company from $137.00 to $131.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

J has been the subject of a number of other reports. Citigroup increased their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank Of Canada increased their price target on Jacobs Solutions from $160.00 to $169.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen cut Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 18th. Zacks Research upgraded Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research note on Thursday, February 5th. Finally, KeyCorp dropped their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.

Jacobs Solutions Price Performance

NYSE J traded down $3.75 on Thursday, hitting $119.01. 710,375 shares of the company’s stock were exchanged, compared to its average volume of 957,185. The stock has a 50-day moving average of $129.64 and a 200-day moving average of $137.46. The company has a current ratio of 1.43, a quick ratio of 1.33 and a debt-to-equity ratio of 1.24. Jacobs Solutions has a 52 week low of $119.22 and a 52 week high of $168.44. The stock has a market cap of $14.05 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 1.30 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the prior year, the company earned $1.43 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Analysts expect that Jacobs Solutions will post 7.18 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, May 22nd. Jacobs Solutions’s dividend payout ratio is presently 44.72%.

Insiders Place Their Bets

In related news, President Shannon Miller sold 1,440 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $134.13, for a total value of $193,147.20. Following the completion of the sale, the president directly owned 25,344 shares in the company, valued at $3,399,390.72. This represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by insiders.

Institutional Trading of Jacobs Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its holdings in Jacobs Solutions by 5.1% in the first quarter. PNC Financial Services Group Inc. now owns 41,394 shares of the company’s stock valued at $5,269,000 after purchasing an additional 2,001 shares during the period. Andra AP fonden acquired a new stake in Jacobs Solutions in the first quarter valued at $5,362,000. Long Road Investment Counsel LLC increased its holdings in Jacobs Solutions by 4.4% in the first quarter. Long Road Investment Counsel LLC now owns 4,775 shares of the company’s stock valued at $608,000 after purchasing an additional 200 shares during the period. Johnson Financial Group Inc. increased its holdings in Jacobs Solutions by 287.5% in the first quarter. Johnson Financial Group Inc. now owns 5,964 shares of the company’s stock valued at $759,000 after purchasing an additional 4,425 shares during the period. Finally, WCM Investment Management LLC acquired a new stake in Jacobs Solutions in the first quarter valued at $256,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.