MAY 21·MarketBeat▲
Cullen Frost Bankers Inc. Raises Position in Jacobs Solutions Inc. $J
Cullen Frost Bankers Inc. significantly increased its stake in Jacobs Solutions Inc. during the fourth quarter, purchasing an additional 11,761 shares and bringing its total holding to 104,407 shares valued at approximately $13.83 million. This move is part of a broader trend of institutional interest, with hedge funds and other institutional investors owning 85.65% of Jacobs Solutions' stock. The company recently exceeded quarterly earnings expectations with an EPS of $1.75 and revenue of $2.33 billion, leading analysts to maintain a "Moderate Buy" consensus rating with an average target price of $153.40.
MAY 21·Business Wire→
Jacobs selected to provide environmental baseline for Oldbury, UK
Jacobs has been chosen by Great British Energy – Nuclear to provide environmental services for the Oldbury site in South Gloucestershire, UK. This work will establish environmental baseline data and conduct assessments to support the potential development of new nuclear generation. The contract leverages Jacobs' extensive experience in civil nuclear solutions and aims to inform future planning, design, and permitting decisions for the Oldbury site.