Wesbanco Bank Inc. Sells 910 Shares of Jacobs Solutions Inc. (NYSE:J)

Wesbanco Bank Inc. lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 23.0% during the 1st quarter, HoldingsChannel reports. The firm owned 3,040 shares of the company’s stock after selling 910 shares during the period. Wesbanco Bank Inc.’s holdings in Jacobs Solutions were worth $368,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in Jacobs Solutions by 956.8% during the fourth quarter. National Bank of Canada FI now owns 264,824 shares of the company’s stock worth $35,386,000 after buying an additional 239,764 shares during the period. Keene & Associates Inc. purchased a new position in Jacobs Solutions during the fourth quarter worth $2,973,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Jacobs Solutions by 34.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,437 shares of the company’s stock worth $1,545,000 after buying an additional 2,949 shares during the period. Evergreen Capital Management LLC boosted its stake in Jacobs Solutions by 5.5% during the fourth quarter. Evergreen Capital Management LLC now owns 69,123 shares of the company’s stock worth $9,236,000 after buying an additional 3,609 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in Jacobs Solutions by 31.7% during the fourth quarter. CIBC Asset Management Inc now owns 23,991 shares of the company’s stock worth $3,206,000 after buying an additional 5,774 shares during the period. Institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of several recent analyst reports. Truist Financial lifted their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a research note on Monday, May 12th. UBS Group lowered their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, May 9th. Citigroup lowered their target price on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Royal Bank of Canada boosted their target price on shares of Jacobs Solutions from $152.00 to $154.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $150.86.

Jacobs Solutions Stock Down 0.3%

NYSE:J opened at $127.35 on Wednesday. Jacobs Solutions Inc. has a 1-year low of $106.23 and a 1-year high of $156.31. The company has a 50-day moving average of $122.39 and a 200 day moving average of $128.59. The firm has a market cap of $15.30 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25.

Jacobs Solutions (NYSE:J) last released its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, May 23rd. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.