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

Wesbanco Bank Inc. lessened its holdings in Jacobs Solutions Inc. (NYSE:J) by 88.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,950 shares of the company’s stock after selling 29,946 shares during the period. Wesbanco Bank Inc.’s holdings in Jacobs Solutions were worth $528,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Dakota Wealth Management increased its holdings in shares of Jacobs Solutions by 5.4% in the 4th quarter. Dakota Wealth Management now owns 2,421 shares of the company’s stock valued at $323,000 after acquiring an additional 125 shares during the period. Nisa Investment Advisors LLC increased its stake in Jacobs Solutions by 0.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 36,106 shares of the company’s stock valued at $4,824,000 after purchasing an additional 319 shares during the period. Simon Quick Advisors LLC purchased a new stake in shares of Jacobs Solutions in the fourth quarter valued at about $216,000. Red Spruce Capital LLC boosted its stake in shares of Jacobs Solutions by 7.9% during the fourth quarter. Red Spruce Capital LLC now owns 19,115 shares of the company’s stock worth $2,554,000 after buying an additional 1,400 shares during the period. Finally, Grove Bank & Trust grew its holdings in shares of Jacobs Solutions by 57.9% during the fourth quarter. Grove Bank & Trust now owns 491 shares of the company’s stock worth $66,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on J shares. Citigroup decreased their price objective on Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. StockNews.com assumed coverage on shares of Jacobs Solutions in a research report on Wednesday, December 4th. They issued a “hold” rating on the stock. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Raymond James raised shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Friday, October 4th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $152.00 price target on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $156.11.

Jacobs Solutions Stock Performance

J opened at $140.82 on Friday. Jacobs Solutions Inc. has a 1-year low of $110.95 and a 1-year high of $150.54. The stock has a market cap of $17.46 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.14 and a beta of 0.72. The stock’s 50 day simple moving average is $136.51 and its 200 day simple moving average is $141.55. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter in the prior year, the business earned $1.90 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Company 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.