Aperio Group LLC increased its position in Jacobs Engineering Group Inc (NYSE:JEC) by 2.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 62,486 shares of the construction company’s stock after buying 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 quarter.
A number of other institutional investors have also recently modified their holdings of the stock. Advisor Group Inc. boosted its holdings in shares of Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after purchasing an additional 339 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Jacobs Engineering Group by 9.4% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,785 shares of the construction company’s stock valued at $570,000 after buying an additional 838 shares in the last quarter. Global X MANAGEMENT CO LLC raised its position in shares of Jacobs Engineering Group by 20.8% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,736 shares of the construction company’s stock valued at $334,000 after buying an additional 986 shares in the last quarter. Leavell Investment Management Inc. raised its position in shares of Jacobs Engineering Group by 18.3% during the 4th quarter. Leavell Investment Management Inc. now owns 6,475 shares of the construction company’s stock valued at $427,000 after buying an additional 1,000 shares in the last quarter. Finally, Forte Capital LLC ADV raised its position in shares of Jacobs Engineering Group by 3.0% during the 4th quarter. Forte Capital LLC ADV now owns 35,285 shares of the construction company’s stock valued at $2,327,000 after buying an additional 1,036 shares in the last quarter. 74.78% of the stock is owned by institutional investors.
Several analysts have recently issued reports on JEC shares. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Citigroup set a $64.00 target price on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research report on Friday, October 27th. Argus reissued a “buy” rating and issued a $73.00 price objective on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. 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. Finally, Barclays began 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 on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $74.00.
In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by company insiders.
Jacobs Engineering Group Inc (NYSE JEC) traded down $0.25 during midday trading on Friday, hitting $62.35. 1,880,000 shares of the stock were exchanged, compared to its average volume of 1,479,320. 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 Inc has a 1 year low of $49.31 and a 1 year high of $72.18. The company has a market capitalization of $8,868.63, a P/E ratio of 31.97, a PEG ratio of 1.17 and a beta of 1.49.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. equities research analysts expect that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 0.96%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 30.77%.
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Jacobs Engineering Group Company Profile
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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