Aperio Group LLC raised its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,486 shares of the construction company’s stock after purchasing an additional 1,657 shares during the period. Aperio Group LLC’s holdings in Jacobs Engineering Group were worth $4,122,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Advisor Group Inc. increased its position in shares of Jacobs Engineering Group by 18.8% in the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after acquiring an additional 339 shares in the last quarter. Whittier Trust Co. increased its position in shares of Jacobs Engineering Group by 141.2% in the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after acquiring an additional 1,200 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Jacobs Engineering Group in the fourth quarter worth $127,000. Jarislowsky Fraser Ltd acquired a new stake in shares of Jacobs Engineering Group in the third quarter worth $186,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of Jacobs Engineering Group in the third quarter worth $206,000. 71.51% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently issued reports on JEC shares. Robert W. Baird reissued a “hold” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, November 24th. Barclays started coverage on shares of Jacobs Engineering Group in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 price objective for the company. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. KeyCorp increased their price objective on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $82.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $74.00.
In related news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now directly owns 30,496 shares of the company’s stock, valued at approximately $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.
Shares of Jacobs Engineering Group Inc (NYSE:JEC) opened at $63.19 on Friday. The firm has a market cap of $9,020.00, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.19 and a beta of 1.48. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $72.18. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.56 billion. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. equities analysts anticipate that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, February 15th. Jacobs Engineering Group’s payout ratio is 27.65%.
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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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