Deutsche Bank AG Grows Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Deutsche Bank AG lifted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 148.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 664,564 shares of the company's stock after purchasing an additional 396,759 shares during the period. Deutsche Bank AG owned 0.54% of Jacobs Solutions worth $88,799,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of J. Orion Portfolio Solutions LLC increased its position in Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after purchasing an additional 83 shares during the period. Benjamin Edwards Inc. boosted its position in Jacobs Solutions by 5.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after acquiring an additional 87 shares in the last quarter. Evoke Wealth LLC grew its holdings in shares of Jacobs Solutions by 0.7% during 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 during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Jacobs Solutions by 10.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 958 shares of the company's stock worth $128,000 after acquiring an additional 92 shares in the last quarter. Finally, Greenleaf Trust raised its position in shares of Jacobs Solutions by 3.5% in the 4th 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. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group dropped their price target on Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating on the stock in a research report on Friday. Truist Financial dropped their target price on shares of Jacobs Solutions from $141.00 to $130.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird reduced their target price on shares of Jacobs Solutions from $154.00 to $148.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Citigroup decreased their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Royal Bank of Canada boosted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $149.29.

Jacobs Solutions Trading Down 0.1%

Shares of NYSE J opened at $122.78 on Monday. The firm's 50 day moving average price is $120.47 and its 200-day moving average price is $130.74. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $156.31. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $15.05 billion, a PE ratio of 25.32, a P/E/G ratio of 1.84 and a beta of 0.77.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion for the quarter, compared to analysts' expectations of $3 billion. During the same period in the prior year, the firm posted $1.91 EPS. The firm's quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.04%. Jacobs Solutions's dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions declared that its board has authorized a stock repurchase plan on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the company to repurchase up to 9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its shares are undervalued.

Jacobs Solutions Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.