Deutsche Bank AG Makes New $83.49 Million Investment in Jacobs Solutions Inc. $J

Key Points

• Deutsche Bank acquired 662,617 shares of Jacobs Solutions worth approximately $83.49 million, representing about 0.56% of the company. Institutional investors collectively own 85.65% of outstanding shares.
• Analysts maintain a cautiously positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $153.70, despite several recent target-price reductions.
• Jacobs exceeded quarterly expectations with $1.84 in EPS and $2.42 billion in revenue, up 8.3% year over year. The company also declared a quarterly dividend of $0.36 per share, equivalent to a 1.0% annual yield.

Deutsche Bank AG purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 662,617 shares of the company's stock, valued at approximately $83,490,000. Deutsche Bank AG owned approximately 0.56% of Jacobs Solutions at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at $27,000. Wealth Watch Advisors INC bought a new position in Jacobs Solutions in the 3rd quarter worth $33,000. International Assets Investment Management LLC bought a new position in Jacobs Solutions in the 4th quarter worth $38,000. Torren Management LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth $41,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Jacobs Solutions in the 4th quarter worth $46,000. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on J. KeyCorp lowered their price objective on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings upgraded Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Wells Fargo & Company decreased their target price on Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 7th. Finally, Truist Financial lowered their price target on Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $153.70.

Insider Activity at Jacobs Solutions

In other news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% of the company's stock.

Jacobs Solutions Stock Performance

Jacobs Solutions stock opened at $148.00 on Friday. The company's 50-day moving average price is $132.73 and its 200-day moving average price is $129.77. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market cap of $17.48 billion, a PE ratio of 52.48, a price-to-earnings-growth ratio of 1.42 and a beta of 0.68. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, beating analysts' consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm earned $1.62 EPS. The firm's revenue for the quarter was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions's dividend payout ratio (DPR) is presently 51.06%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.

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