Deutsche Bank AG Cuts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Key Points

• Deutsche Bank AG reduced its stake in Jacobs Solutions Inc. by 47.1% in the first quarter, owning 351,226 shares worth approximately $42.46 million after selling 313,338 shares.
• Jacobs Solutions reported earnings of $1.62 EPS for the quarter, exceeding estimates, but with revenues down by 28.4% year-over-year.
• The company recently declared a quarterly dividend of $0.32 per share, with a dividend yield of 0.9% and a payout ratio of 31.92%.

Deutsche Bank AG cut its holdings in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 47.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,226 shares of the company's stock after selling 313,338 shares during the period. Deutsche Bank AG owned about 0.29% of Jacobs Solutions worth $42,460,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Colonial Trust Co SC increased its holdings in shares of Jacobs Solutions by 10,250.0% in the fourth quarter. Colonial Trust Co SC now owns 207 shares of the company's stock valued at $28,000 after buying an additional 205 shares in the last quarter. Rossby Financial LCC acquired a new position in Jacobs Solutions during the 1st quarter worth $33,000. Optiver Holding B.V. lifted its position in 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 acquiring an additional 190 shares during the last quarter. Whipplewood Advisors LLC raised its position in shares of Jacobs Solutions by 1,685.7% during the first quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after buying an additional 354 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in Jacobs Solutions in the fourth quarter worth about $53,000. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

J has been the topic of several analyst reports. Royal Bank Of Canada increased their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Truist Financial lifted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the company a "hold" rating in a research report on Monday, May 12th. Finally, UBS Group lifted their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Price Performance

J traded down $0.22 during trading on Friday, reaching $148.11. 626,284 shares of the company traded hands, compared to its average volume of 726,404. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $152.40. The firm has a fifty day simple moving average of $136.52 and a 200 day simple moving average of $128.67. The company has a market cap of $17.71 billion, a P/E ratio of 36.94, a PEG ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%. The firm's quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 earnings per share. On average, equities analysts forecast that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions's dividend payout ratio (DPR) is currently 31.92%.

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.