Allianz Asset Management GmbH Raises Stock Position in Jacobs Solutions Inc. $J

Allianz Asset Management GmbH increased its stake in Jacobs Solutions Inc. (NYSE:J) by 125.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,520 shares of the company’s stock after acquiring an additional 5,863 shares during the quarter. Allianz Asset Management GmbH’s holdings in Jacobs Solutions were worth $1,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in Jacobs Solutions in the 1st quarter worth $33,000. Costello Asset Management INC purchased a new stake in Jacobs Solutions in the 2nd quarter worth $43,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Jacobs Solutions in the 2nd quarter worth $44,000. Ransom Advisory Ltd purchased a new stake in shares of Jacobs Solutions during the second quarter worth $53,000. Finally, Colonial Trust Advisors purchased a new stake in shares of Jacobs Solutions during the first quarter worth $51,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 18th. KeyCorp increased their price target on shares of Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. UBS Group upped their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Citigroup increased their price target on shares of Jacobs Solutions from $169.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Truist Financial increased their price target on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Jacobs Solutions Trading Down 0.8%

Shares of J stock opened at $159.43 on Friday. The stock has a market cap of $19.06 billion, a P/E ratio of 39.76, a P/E/G ratio of 1.88 and a beta of 0.81. The business has a fifty day simple moving average of $150.59 and a 200-day simple moving average of $137.34. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $168.44. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. 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.