Wesbanco Bank Inc. Sells 300 Shares of Jacobs Solutions Inc. (NYSE:J)

Wesbanco Bank Inc. decreased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors have also bought and sold shares of the business. EdgeRock Capital LLC purchased a new position in shares of Jacobs Solutions in the 2nd quarter worth approximately $26,000. Bruce G. Allen Investments LLC lifted its position in Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares during the last quarter. Quarry LP boosted its stake in Jacobs Solutions by 108.9% during the fourth quarter. Quarry LP now owns 305 shares of the company’s stock worth $40,000 after buying an additional 159 shares during the period. Central Pacific Bank Trust Division bought a new position in Jacobs Solutions during the first quarter valued at $48,000. Finally, LRI Investments LLC bought a new position in Jacobs Solutions during the first quarter valued at $48,000. Institutional investors own 85.65% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Jacobs Solutions

In other news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $150.85, for a total value of $286,313.30. Following the sale, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Christopher M.T. Thompson sold 1,898 shares of the firm’s stock in a transaction 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 owns 42,069 shares of the company’s stock, valued at $6,346,108.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following 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. In the last three months, insiders sold 14,516 shares of company stock valued at $2,152,693. Corporate insiders own 1.00% of the company’s stock.

Jacobs Solutions Stock Performance

J stock opened at $138.34 on Wednesday. Jacobs Solutions Inc. has a 1-year low of $120.71 and a 1-year high of $156.31. The business has a 50-day moving average price of $144.58 and a 200 day moving average price of $143.06. The company 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 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 results on Tuesday, August 6th. The company reported $1.96 EPS for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a net margin of 3.72% and a return on equity of 14.76%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the business posted $1.82 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts forecast that Jacobs Solutions Inc. will post 7.95 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently declared 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 is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.84%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

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.