OLD National Bancorp IN Has $4.18 Million Holdings in Jacobs Solutions Inc. $J

OLD National Bancorp IN grew its holdings in Jacobs Solutions Inc. (NYSE:J) by 22.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,843 shares of the company’s stock after acquiring an additional 5,951 shares during the quarter. 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Jacobs Solutions by 737.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock valued at $21,086,000 after buying an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA acquired a new stake in Jacobs Solutions during the fourth quarter worth about $2,161,000. Citigroup Inc. grew its position in Jacobs Solutions by 34.2% during the third quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after buying an additional 35,380 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in Jacobs Solutions by 360.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock valued at $3,288,000 after acquiring an additional 19,427 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Jacobs Solutions by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock valued at $92,575,000 after acquiring an additional 73,567 shares during the period. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

NYSE:J opened at $125.79 on Friday. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $14.85 billion, a PE 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 moving average price of $121.65 and a 200 day moving average price of $130.14.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the company earned $1.43 earnings per share. The company’s revenue for the quarter 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. Research analysts anticipate that Jacobs Solutions Inc. will post 7.23 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Friday, May 22nd were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, May 22nd. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

Insider Buying and Selling at Jacobs Solutions

In related news, Director Manuel J. Fernandez purchased 253 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director directly owned 12,504 shares in the company, valued at $1,407,450.24. This represents a 2.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Robert V. Pragada purchased 3,601 shares of the stock in a transaction on Friday, May 15th. The stock was bought at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer directly owned 333,755 shares of the company’s stock, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 4,257 shares of company stock worth $477,651. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

J has been the subject of a number of research reports. Weiss Ratings downgraded Jacobs Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company lowered their price objective on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 7th. Robert W. Baird cut their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. KeyCorp reduced their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Citigroup lifted their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $153.40.

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.