First National Bank of Omaha Takes Position in Jacobs Solutions Inc. $J

Key Points

• First National Bank of Omaha acquired 109,085 Jacobs Solutions shares worth approximately $13.6 million, while institutional investors collectively own 85.65% of the company.
• Jacobs reported quarterly EPS of $1.84 and revenue of $2.42 billion, beating estimates and reflecting 8.3% year-over-year revenue growth. Analysts have a consensus “Moderate Buy” rating with an average price target of $153.70.
• The company declared a quarterly dividend of $0.36 per share, implying a 1.0% annual yield. Separately, President Patrick Hill sold 17,201 shares for about $2.48 million.

First National Bank of Omaha acquired a new position in Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 109,085 shares of the company's stock, valued at approximately $13,588,000. First National Bank of Omaha owned 0.09% of Jacobs Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in J. Northwestern Mutual Wealth Management Co. raised its position in shares of Jacobs Solutions by 737.4% during the 4th 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 stake in shares of Jacobs Solutions during the fourth quarter worth $2,161,000. Crossmark Global Holdings Inc. grew its stake in shares of Jacobs Solutions by 360.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company's stock worth $3,288,000 after purchasing an additional 19,427 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in Jacobs Solutions in the fourth quarter valued at about $3,312,000. Finally, Goldman Sachs Group Inc. increased its holdings in Jacobs Solutions by 24.7% in the fourth 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 during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Down 0.4%

NYSE:J opened at $143.09 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The business's 50-day simple moving average is $131.79 and its 200-day simple moving average is $129.60. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The stock has a market capitalization of $16.90 billion, a PE ratio of 50.74, a price-to-earnings-growth ratio of 1.39 and a beta of 0.68.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company posted $1.62 EPS. The business's quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on J. Royal Bank Of Canada raised their target price on Jacobs Solutions from $171.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, August 5th. Truist Financial lowered their price target on Jacobs Solutions from $150.00 to $149.00 and set a "hold" rating for the company in a research note on Thursday, July 2nd. Citigroup increased their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. UBS Group lifted their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Finally, Wall Street Zen cut shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $153.70.

Insider Buying and Selling

In related news, President Patrick Hill sold 17,201 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares of the company's stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company's stock.

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.

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