1 week Ago By ABMN Staff
Jacobs Solutions Inc. ( NYSE:J – Get Free Report ) hit a new 52-week low on Monday . The company traded as low as $106.
23 and last traded at $110.48, with a volume of 859187 shares changing hands. The stock had previously closed at $111.
45. Analysts Set New Price Targets Several brokerages have issued reports on J. Robert W.
Baird cut their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th.
The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Jacobs Solutions in a research note on Tuesday, December 10th. Citigroup decreased their target price on shares of Jacobs Solutions from $161.
00 to $160.00 and set a “buy” rating on the stock in a research report on Wednesday, January 29th. Finally, Truist Financial upped their price target on shares of Jacobs Solutions from $137.
00 to $142.00 and gave the company a “hold” rating in a research report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $153.86.
View Our Latest Analysis on Jacobs Solutions Jacobs Solutions Stock Performance Jacobs Solutions ( NYSE:J – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.
29 by $0.04. The company had revenue of $2.
93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Jacobs Solutions had a return on equity of 14.
87% and a net margin of 4.28%. Jacobs Solutions’s revenue was up 4.
4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 EPS.
As a group, sell-side analysts expect that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.
Jacobs Solutions Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were paid a $0.32 dividend.
This is a positive change from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st.
This represents a $1.28 dividend on an annualized basis and a yield of 1.15%.
Jacobs Solutions’s dividend payout ratio (DPR) is presently 26.39%. Jacobs Solutions declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 4th that authorizes the company to buyback $1.
50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
Hedge Funds Weigh In On Jacobs Solutions Several hedge funds and other institutional investors have recently modified their holdings of J. Orion Portfolio Solutions LLC raised its holdings in Jacobs Solutions by 0.8% in the fourth quarter.
Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock worth $1,471,000 after purchasing an additional 83 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Jacobs Solutions by 5.
3% in the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company’s stock worth $231,000 after buying an additional 87 shares during the period.
Evoke Wealth LLC increased its stake in shares of Jacobs Solutions by 0.7% in the 4th quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock worth $1,655,000 after acquiring an additional 88 shares in the last quarter.
Thurston Springer Miller Herd & Titak Inc. lifted its position in Jacobs Solutions by 10.6% during the 4th quarter.
Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company’s stock valued at $128,000 after acquiring an additional 92 shares during the period. Finally, Greenleaf Trust boosted its stake in Jacobs Solutions by 3.
5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 85.
65% of the company’s stock. Jacobs Solutions Company Profile ( Get Free Report ) 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.
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