Legal & General Group Plc raised its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 3.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 742,258 shares of the construction company’s stock after purchasing an additional 26,496 shares during the quarter. Legal & General Group Plc owned 0.62% of Jacobs Engineering Group worth $43,248,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of JEC. Swiss National Bank increased its position in Jacobs Engineering Group by 2.9% in the second quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after purchasing an additional 12,500 shares during the last quarter. First Quadrant L P CA increased its position in Jacobs Engineering Group by 17.1% in the third quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock worth $17,618,000 after purchasing an additional 44,080 shares during the last quarter. Greenwood Capital Associates LLC increased its position in Jacobs Engineering Group by 6.4% in the second quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock worth $427,000 after purchasing an additional 470 shares during the last quarter. Prudential Financial Inc. increased its position in Jacobs Engineering Group by 61.5% in the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after purchasing an additional 122,362 shares during the last quarter. Finally, Exane Derivatives bought a new stake in Jacobs Engineering Group in the third quarter worth $789,000. 85.14% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently weighed in on JEC. Citigroup set a $64.00 price target on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Friday, October 27th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research note on Tuesday, October 17th. MKM Partners set a $61.00 target price on shares of Jacobs Engineering Group and gave the company a “neutral” rating in a research note on Tuesday, November 28th. Finally, BidaskClub lowered shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.44.
Jacobs Engineering Group Inc (NYSE JEC) traded up $1.23 during trading hours on Thursday, reaching $67.69. 1,247,300 shares of the company were exchanged, compared to its average volume of 822,601. The stock has a market capitalization of $8,006.18, a price-to-earnings ratio of 20.58, a PEG ratio of 1.45 and a beta of 1.56. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Jacobs Engineering Group Inc has a 52 week low of $49.31 and a 52 week high of $68.12.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. sell-side analysts predict that Jacobs Engineering Group Inc will post 3.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.89%. Jacobs Engineering Group’s dividend payout ratio is presently 24.69%.
In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the transaction, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.49% of the company’s stock.
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About Jacobs Engineering Group
Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
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