Wesbanco Bank Inc. Cuts Stake in Jacobs Solutions Inc. (NYSE:J)

Wesbanco Bank Inc. trimmed its position in shares of Jacobs Solutions Inc. (NYSE:J) by 23.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,040 shares of the company’s stock after selling 910 shares during the quarter. Wesbanco Bank Inc.’s holdings in Jacobs Solutions were worth $368,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of J. Kovitz Investment Group Partners LLC boosted its holdings in shares of Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company’s stock valued at $619,676,000 after acquiring an additional 3,597,564 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Jacobs Solutions by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company’s stock worth $420,626,000 after purchasing an additional 10,174 shares during the period. Lazard Asset Management LLC lifted its stake in shares of Jacobs Solutions by 933.6% in the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company’s stock worth $281,808,000 after purchasing an additional 1,904,988 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Jacobs Solutions by 9.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company’s stock worth $241,746,000 after purchasing an additional 157,086 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of Jacobs Solutions by 4.1% in the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company’s stock worth $238,176,000 after purchasing an additional 70,470 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Price Performance

NYSE J opened at $127.35 on Wednesday. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $156.31. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 1.84 and a beta of 0.77. The company’s 50 day moving average is $122.39 and its two-hundred day moving average is $128.59. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period last year, the firm posted $1.91 EPS. The company’s revenue was up 2.2% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on J shares. Royal Bank of Canada increased their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial increased 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. Citigroup lowered their price objective on shares of Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, UBS Group decreased their target price on shares of Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $150.86.

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.