Jacobs Solutions Inc. (NYSE:J) Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH has reduced its stake in Jacobs Solutions Inc. by 62.9%, now owning 4,657 shares valued at approximately $563,000.
• Jacobs Solutions posted a quarterly EPS of $1.43, exceeding estimates, with revenue of $2.91 billion, which was below analyst expectations.
• The company announced a quarterly dividend of $0.32 per share, with a dividend yield of 0.9%, set to be paid on September 19th.

Allianz Asset Management GmbH trimmed its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 62.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period.

Several other institutional investors have also added to or reduced their stakes in J. Colonial Trust Co SC raised its stake in shares of Jacobs Solutions by 10,250.0% during the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after acquiring an additional 205 shares during the last quarter. Rossby Financial LCC bought a new position in Jacobs Solutions in the first quarter worth about $33,000. Whipplewood Advisors LLC raised its stake in Jacobs Solutions by 1,685.7% in the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after buying an additional 354 shares in the last quarter. Optiver Holding B.V. raised its stake in Jacobs Solutions by 113.8% in the fourth quarter. Optiver Holding B.V. now owns 357 shares of the company's stock worth $48,000 after buying an additional 190 shares in the last quarter. Finally, Transce3nd LLC bought a new position in Jacobs Solutions in the fourth quarter worth about $53,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on J shares. Citigroup increased their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Royal Bank Of Canada increased their price target 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. UBS Group decreased their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Truist Financial upped their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a report on Monday, May 12th. Finally, KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 price objective on the stock in a report on Wednesday, July 16th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $153.25.

Jacobs Solutions Trading Up 0.9%

NYSE:J traded up $1.23 during mid-day trading on Monday, hitting $140.31. 1,071,661 shares of the stock traded hands, compared to its average volume of 668,769. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 38.65, a PEG ratio of 1.96 and a beta of 0.79. Jacobs Solutions Inc. has a 52 week low of $106.23 and a 52 week high of $150.54. The firm's 50 day moving average is $132.28 and its two-hundred day moving average is $128.05. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The company's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. On average, equities research analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors 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 yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is currently 35.26%.

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.