OLD National Bancorp IN Purchases 5,951 Shares of Jacobs Solutions Inc. $J

OLD National Bancorp IN raised its position in shares of Jacobs Solutions Inc. (NYSE:J) by 22.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,843 shares of the company’s stock after buying an additional 5,951 shares during the period. OLD National Bancorp IN’s holdings in Jacobs Solutions were worth $4,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of J. Empowered Funds LLC boosted its holdings in shares of Jacobs Solutions by 92.3% in the 1st quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after acquiring an additional 3,226 shares in the last quarter. Woodline Partners LP grew its position in Jacobs Solutions by 38.7% during the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after acquiring an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Jacobs Solutions during the 2nd quarter valued at $321,000. Baird Financial Group Inc. increased its holdings in Jacobs Solutions by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after purchasing an additional 248 shares in the last quarter. Finally, AXA S.A. raised its position in Jacobs Solutions by 14.9% in the 2nd quarter. AXA S.A. now owns 19,670 shares of the company’s stock valued at $2,586,000 after purchasing an additional 2,556 shares during the last quarter. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on J shares. Weiss Ratings lowered Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Wall Street Zen cut Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Royal Bank Of Canada reiterated an “outperform” rating and set a $169.00 price target on shares of Jacobs Solutions in a research report on Tuesday, May 19th. Finally, Citigroup increased their price objective on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.

Insiders Place Their Bets

In related news, CEO Robert V. Pragada acquired 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Manuel J. Fernandez acquired 403 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of $121.93 per share, with a total value of $49,137.79. Following the acquisition, the director directly owned 12,251 shares of the company’s stock, valued at $1,493,764.43. The trade was a 3.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 4,257 shares of company stock worth $477,651. 0.48% of the stock is currently owned by company insiders.

Jacobs Solutions Trading Up 1.1%

J opened at $125.79 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 1.20 and a beta of 0.69. The firm has a 50 day simple moving average of $121.65 and a 200 day simple moving average of $130.14. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the business posted $1.43 earnings per share. Jacobs Solutions’s revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, May 22nd were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is 44.72%.

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.