Wesbanco Bank Inc. Has $943,000 Position in 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. increased its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 136.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,175 shares of the company's stock after purchasing an additional 4,135 shares during the quarter. Wesbanco Bank Inc.'s holdings in Jacobs Solutions were worth $943,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of J. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Jacobs Solutions by 8.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock worth $136,000 after buying an additional 78 shares during the period. TruWealth Advisors LLC acquired a new stake in Jacobs Solutions during the 2nd quarter worth about $225,000. Voya Investment Management LLC raised its holdings in Jacobs Solutions by 1.2% during the 1st quarter. Voya Investment Management LLC now owns 41,143 shares of the company's stock worth $4,974,000 after buying an additional 476 shares during the period. Strs Ohio acquired a new stake in Jacobs Solutions during the 1st quarter worth about $1,865,000. Finally, Turn8 Private Wealth Inc. raised its holdings in Jacobs Solutions by 7.5% during the 1st quarter. Turn8 Private Wealth Inc. now owns 24,318 shares of the company's stock worth $2,940,000 after buying an additional 1,701 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on J. UBS Group upped their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Citigroup raised their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a report on Monday, July 28th. KeyCorp raised their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Finally, Wall Street Zen upgraded 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $155.25.

Jacobs Solutions Stock Performance

Jacobs Solutions stock traded down $0.58 during trading hours on Friday, reaching $149.05. 1,635,672 shares of the company were exchanged, compared to its average volume of 627,699. The firm has a market cap of $17.82 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 2.03 and a beta of 0.79. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $144.77 and a 200 day moving average of $131.39. Jacobs Solutions Inc. has a 12 month low of $106.23 and a 12 month high of $152.40.

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

Jacobs Solutions Dividend Announcement

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

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.