Jacobs Solutions (NYSE:J) Rating Lowered to “Hold” at Wall Street Zen

Jacobs Solutions (NYSE:J) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

A number of other brokerages have also commented on J. UBS Group increased their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Royal Bank Of Canada increased their target price on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. KeyCorp lowered their price target on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a report on Thursday, May 7th. Finally, Citigroup raised their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

Jacobs Solutions Stock Performance

NYSE:J opened at $148.97 on Friday. The stock has a market cap of $17.59 billion, a P/E ratio of 52.83, a PEG ratio of 1.47 and a beta of 0.68. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The business’s 50-day moving average price is $136.64 and its two-hundred day moving average price is $130.11. Jacobs Solutions has a twelve month low of $105.68 and a twelve month high of $168.44.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.Jacobs Solutions’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities analysts predict that Jacobs Solutions will post 7.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently modified their holdings of J. California State Teachers Retirement System boosted its position in shares of Jacobs Solutions by 11,242.3% in the 2nd quarter. California State Teachers Retirement System now owns 25,679,178 shares of the company’s stock worth $3,235,576,000 after purchasing an additional 25,452,777 shares in the last quarter. BlackRock Inc. bought a new position in Jacobs Solutions during the 2nd quarter valued at approximately $1,372,610,000. Primecap Management Co. CA bought a new position in Jacobs Solutions during the 2nd quarter valued at approximately $575,291,000. Bank of America Corp DE purchased a new position in Jacobs Solutions during the second quarter valued at $208,318,000. Finally, Ameriprise Financial Inc. raised its stake in Jacobs Solutions by 828.5% during the second quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock valued at $174,434,000 after buying an additional 1,184,068 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

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.