Wesbanco Bank Inc. Trims Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Wesbanco Bank Inc. lowered its position in shares of Jacobs Solutions Inc. (NYSE:J) by 0.9% in the third quarter, HoldingsChannel.com reports. The fund owned 33,896 shares of the company’s stock after selling 300 shares during the quarter. Wesbanco Bank Inc.’s holdings in Jacobs Solutions were worth $4,437,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Jacobs Solutions by 7.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 42,031 shares of the company’s stock worth $5,456,000 after acquiring an additional 2,836 shares during the period. State Board of Administration of Florida Retirement System grew its position in Jacobs Solutions by 8.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 139,469 shares of the company’s stock worth $21,441,000 after purchasing an additional 10,542 shares during the period. Armstrong Henry H Associates Inc. acquired a new position in shares of Jacobs Solutions in the 1st quarter valued at about $2,626,000. Russell Investments Group Ltd. boosted its stake in shares of Jacobs Solutions by 305.4% in the first quarter. Russell Investments Group Ltd. now owns 182,135 shares of the company’s stock worth $27,910,000 after buying an additional 137,213 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Jacobs Solutions by 32.1% during the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after acquiring an additional 66,002 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, Director Christopher M.T. Thompson sold 1,898 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $150.85, for a total transaction of $286,313.30. Following the completion of the transaction, the director now owns 42,069 shares in the company, valued at $6,346,108.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the completion of the sale, the director now directly owns 42,069 shares of the company’s stock, valued at approximately $6,346,108.65. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $146.88, for a total transaction of $1,028,160.00. Following the completion of the transaction, the insider now owns 527,138 shares in the company, valued at approximately $77,426,029.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,516 shares of company stock worth $2,152,693 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Jacobs Solutions Price Performance

Shares of Jacobs Solutions stock opened at $138.34 on Wednesday. The stock has a market capitalization of $17.32 billion, a P/E ratio of 26.71, a PEG ratio of 1.39 and a beta of 0.72. The business has a 50 day simple moving average of $144.58 and a two-hundred day simple moving average of $143.06. Jacobs Solutions Inc. has a 12 month low of $120.71 and a 12 month high of $156.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.14.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same period in the prior year, the company earned $1.82 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts predict that Jacobs Solutions Inc. will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is currently 22.39%.

Wall Street Analyst Weigh In

J has been the subject of a number of analyst reports. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target for the company in a report on Friday, October 4th. StockNews.com began coverage on shares of Jacobs Solutions in a report on Wednesday, October 2nd. They set a “buy” rating on the stock. Royal Bank of Canada lifted their price objective on shares of Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. UBS Group increased their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Finally, Robert W. Baird cut their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $159.60.

About Jacobs Solutions

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.