Allianz Asset Management GmbH Lowers Holdings in Jacobs Solutions Inc. $J

Allianz Asset Management GmbH cut its holdings in Jacobs Solutions Inc. (NYSE:J) by 74.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,709 shares of the company’s stock after selling 7,811 shares during the period. Allianz Asset Management GmbH’s holdings in Jacobs Solutions were worth $406,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Primecap Management Co. CA lifted its holdings in shares of Jacobs Solutions by 2.1% in the second quarter. Primecap Management Co. CA now owns 4,749,829 shares of the company’s stock worth $624,365,000 after buying an additional 96,387 shares in the last quarter. Ninety One UK Ltd lifted its stake in Jacobs Solutions by 20.4% in the 3rd quarter. Ninety One UK Ltd now owns 3,069,636 shares of the company’s stock worth $460,016,000 after purchasing an additional 520,417 shares in the last quarter. Invesco Ltd. lifted its stake in Jacobs Solutions by 21.4% in the 2nd quarter. Invesco Ltd. now owns 2,607,361 shares of the company’s stock worth $342,738,000 after purchasing an additional 460,283 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jacobs Solutions by 1.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,503,028 shares of the company’s stock valued at $381,687,000 after purchasing an additional 44,070 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Jacobs Solutions by 15.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,954,861 shares of the company’s stock valued at $256,966,000 after purchasing an additional 268,504 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Performance

Shares of J opened at $132.65 on Friday. The company’s 50 day simple moving average is $137.58 and its 200-day simple moving average is $144.79. The firm has a market cap of $15.58 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.80. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $168.44. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.72.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.01. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Jacobs Solutions had a net margin of 3.49% and a return on equity of 20.59%. Jacobs Solutions’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.950-7.300 EPS. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, February 20th. Jacobs Solutions’s dividend payout ratio (DPR) is currently 39.45%.

Insider Activity

In other Jacobs Solutions news, CFO Venkatesh Nathamuni bought 750 shares of Jacobs Solutions stock in a transaction on Monday, November 24th. The stock was bought at an average price of $135.11 per share, with a total value of $101,332.50. Following the completion of the acquisition, the chief financial officer owned 20,785 shares in the company, valued at $2,808,261.35. The trade was a 3.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter J. Robertson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average cost of $134.76 per share, for a total transaction of $134,760.00. Following the acquisition, the director owned 1,000 shares of the company’s stock, valued at $134,760. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 2,513 shares of company stock valued at $335,878 over the last quarter. Corporate insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on J. Bank of America decreased their target price on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Wells Fargo & Company raised their target price on shares of Jacobs Solutions from $130.00 to $137.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Wall Street Zen cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Robert W. Baird downgraded shares of Jacobs Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 21st. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.60.

Jacobs Solutions 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.