Wesbanco Bank Inc. Purchases 4,135 Shares of Jacobs Solutions Inc. $J

Key Points

• Wesbanco Bank Inc. increased its stake in Jacobs Solutions Inc. by **136.0%**, acquiring an additional 4,135 shares, bringing its total holdings to **7,175 shares** worth approximately **$943,000**.
• Several institutional investors have also bolstered their holdings in Jacobs Solutions, with combined ownership now at **85.65%** of the company's stock.
• Analysts have raised their price targets for Jacobs Solutions, with ratings indicating a **"Moderate Buy"** and an average price target of **$155.25**.

Wesbanco Bank Inc. boosted its position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 136.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,175 shares of the company's stock after acquiring an additional 4,135 shares during the period. Wesbanco Bank Inc.'s holdings in Jacobs Solutions were worth $943,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in J. Rossby Financial LCC bought a new stake in Jacobs Solutions during the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC raised its stake in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after acquiring an additional 354 shares during the period. Colonial Trust Advisors bought a new stake in Jacobs Solutions during the 1st quarter worth approximately $51,000. Catalyst Capital Advisors LLC raised its stake in Jacobs Solutions by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after acquiring an additional 164 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in Jacobs Solutions by 286.7% during the 1st quarter. Golden State Wealth Management LLC now owns 611 shares of the company's stock worth $74,000 after acquiring an additional 453 shares during the period. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. KeyCorp raised their target price on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Citigroup increased their price objective on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. UBS Group increased their price objective on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, Jacobs Solutions currently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Up 0.0%

NYSE J opened at $146.76 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $17.54 billion, a P/E ratio of 36.60, a P/E/G ratio of 1.99 and a beta of 0.79. Jacobs Solutions Inc. has a one year low of $106.23 and a one year high of $152.40. The stock has a 50 day moving average price of $143.70 and a 200-day moving average price of $130.83.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The firm had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company's quarterly revenue was down 28.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend payout ratio is presently 31.92%.

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.

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