Allianz Asset Management GmbH Lowers Position in Jacobs Solutions Inc. (NYSE:J)

Allianz Asset Management GmbH lessened its stake in Jacobs Solutions Inc. (NYSE:J) by 62.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,657 shares of the company’s stock after selling 7,885 shares during the period. Allianz Asset Management GmbH’s holdings in Jacobs Solutions were worth $563,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Colonial Trust Co SC boosted its position in Jacobs Solutions by 10,250.0% in the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company’s stock worth $28,000 after purchasing an additional 205 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $33,000. Optiver Holding B.V. raised its stake in shares of Jacobs Solutions by 113.8% during the 4th quarter. Optiver Holding B.V. now owns 357 shares of the company’s stock worth $48,000 after buying an additional 190 shares during the period. Whipplewood Advisors LLC raised its stake in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock worth $45,000 after buying an additional 354 shares during the period. Finally, Transce3nd LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $139.24 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $16.73 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. The business has a 50-day moving average of $132.28 and a 200 day moving average of $128.17. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3 billion. Jacobs Solutions had a return on equity of 15.67% and a net margin of 3.53%. Jacobs Solutions’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.91 EPS. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is 35.26%.

Analyst Upgrades and Downgrades

J has been the subject of several research analyst reports. KeyCorp raised Jacobs Solutions from a “sector weight” rating to an “overweight” rating and set a $155.00 target price for the company in a research note on Wednesday, July 16th. Royal Bank Of Canada increased their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial increased their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the company a “hold” rating in a research note on Monday, May 12th. UBS Group reduced their price objective on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, Citigroup increased their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.25.

Jacobs Solutions Profile

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.