Danske Bank A S Acquires New Position in Jacobs Solutions Inc. $J

Key Points

• Danske Bank acquired 7,400 shares of Jacobs Solutions in the second quarter, valued at approximately $932,000. Institutional investors collectively own 85.65% of the company.
• Analysts maintain a generally positive outlook, with Jacobs receiving a “Moderate Buy” consensus rating and an average price target of $153.70; recent targets range from $131 to $181.
• Jacobs beat quarterly earnings and revenue estimates, reporting $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, representing a 1.0% annualized yield.

Danske Bank A S acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,400 shares of the company's stock, valued at approximately $932,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Jacobs Solutions by 737.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company's stock valued at $21,086,000 after acquiring an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA acquired a new position in Jacobs Solutions during the fourth quarter worth about $2,161,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Jacobs Solutions by 360.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company's stock worth $3,288,000 after acquiring an additional 19,427 shares during the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Jacobs Solutions in the fourth quarter worth about $3,312,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Jacobs Solutions by 24.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company's stock valued at $112,962,000 after purchasing an additional 169,059 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on J shares. Truist Financial decreased their price target on shares of Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating on the stock in a report on Thursday, July 2nd. Royal Bank Of Canada increased their price objective on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup boosted their target price 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. Finally, Wells Fargo & Company lowered their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an "equal weight" rating for the company in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $153.70.

Jacobs Solutions Price Performance

Jacobs Solutions stock opened at $149.77 on Friday. The stock has a 50-day moving average price of $133.18 and a two-hundred day moving average price of $129.91. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market capitalization of $17.68 billion, a PE ratio of 53.11, a P/E/G ratio of 1.45 and a beta of 0.68. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10.

Jacobs Solutions (NYSE:J - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The company had revenue of $2.42 billion for the quarter, compared to analysts' expectations of $2.40 billion. During the same period in the previous year, the business posted $1.62 earnings per share. The business's quarterly revenue 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. Analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions's dividend payout ratio (DPR) is currently 51.06%.

Insiders Place Their Bets

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president directly owned 67,356 shares of the company's stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.

About Jacobs Solutions

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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