Jacobs Solutions Inc (NYSE: J) is 18.71% higher on its value in year-to-date trading and has touched a low of $120.71 and a high of $154.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The J stock was last observed hovering at around $150.46 in the last trading session, with the day’s gains setting it 3.62%.
Currently trading at $154.08, the stock is 5.23% and 5.40% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 2.41% at the moment leaves the stock 8.76% off its SMA200. J registered 16.49% gain for a year compared to 6-month loss of 2.46%. The firm has a 50-day simple moving average (SMA 50) of $146.2594 and a 200-day simple moving average (SMA200) of $141.80334.
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The stock witnessed a 2.69% gain in the last 1 month and extending the period to 3 months gives it a 10.79%, and is 5.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.72% over the week and 1.73% over the month.
Jacobs Solutions Inc (J) has around 60000 employees, a market worth around $19.14B and $16.94B in sales. Current P/E ratio is 30.42 and Fwd P/E is 17.01. Profit margin for the company is 3.78%. Distance from 52-week low is 27.64% and -0.27% from its 52-week high. The company has generated returns on investments over the last 12 months (6.97%).
Jacobs Solutions Inc quarterly earnings per share for the current quarter are estimated at 2.09 with sales reaching $3.62B over the same period.The EPS is expected to grow by 10.70% this year, but quarterly earnings will post -15.60% year-over-year. Quarterly sales are estimated to shrink -15.60% in year-over-year returns.
1095.0 institutions hold shares in Jacobs Solutions Inc (J), with institutional investors hold 89.05% of the company’s shares. The shares outstanding are 125.98M, and float is at 122.73M with Short Float at 0.76%. Institutions hold 88.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.93 million shares valued at $1.95 billion. The investor’s holdings represent 11.0832 of the J Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.1 million shares valued at $1.13 billion to account for 6.4456 of the shares outstanding. The other top investors are STATE STREET CORP which holds 7.32 million shares representing 5.8223 and valued at over $1.02 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 4.4405 of the shares totaling 5.58 million with a market value of $779.89 million.
Jacobs Solutions Inc (J) Insider Activity
The most recent transaction is an insider sale by Thompson Christopher M.T., the company’s Director. SEC filings show that Thompson Christopher M.T. sold 1,898 shares of the company’s common stock on Aug 29 ’24 at a price of $150.85 per share for a total of $0.29 million. Following the sale, the insider now owns 42069.0 shares.
Jacobs Solutions Inc disclosed in a document filed with the SEC on Aug 29 ’24 that Gustafson Shelette M (EXEC VICE PRESIDENT) sold a total of 4,167 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $150.14 per share for $0.63 million. Following the transaction, the insider now directly holds 24564.0 shares of the J stock.
Still, SEC filings show that on Aug 29 ’24, EBERHART RALPH E (Director) disposed off 1,907 shares at an average price of $150.12 for $0.29 million. The insider now directly holds 30,636 shares of Jacobs Solutions Inc (J).
