Jacobs Engineering Group Inc (JEC) Stake Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 62.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 99,892 shares of the construction company’s stock after selling 166,321 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jacobs Engineering Group were worth $7,642,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its holdings in Jacobs Engineering Group by 1.2% in the third quarter. BlackRock Inc. now owns 8,379,897 shares of the construction company’s stock valued at $641,064,000 after buying an additional 103,039 shares during the period. FMR LLC raised its holdings in Jacobs Engineering Group by 3.6% in the third quarter. FMR LLC now owns 4,309,847 shares of the construction company’s stock valued at $329,703,000 after buying an additional 151,132 shares during the period. CI Global Investments Inc. raised its holdings in Jacobs Engineering Group by 27.7% in the third quarter. CI Global Investments Inc. now owns 3,595,224 shares of the construction company’s stock valued at $275,035,000 after buying an additional 779,327 shares during the period. Alliancebernstein L.P. raised its holdings in Jacobs Engineering Group by 354.8% in the third quarter. Alliancebernstein L.P. now owns 1,817,462 shares of the construction company’s stock valued at $139,036,000 after buying an additional 1,417,879 shares during the period. Finally, Millennium Management LLC raised its holdings in Jacobs Engineering Group by 66.1% in the second quarter. Millennium Management LLC now owns 1,332,939 shares of the construction company’s stock valued at $84,628,000 after buying an additional 530,536 shares during the period. Hedge funds and other institutional investors own 86.46% of the company’s stock.

Shares of NYSE:JEC opened at $59.78 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 1.45. Jacobs Engineering Group Inc has a 52-week low of $55.21 and a 52-week high of $82.24. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.23 and a beta of 1.40.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.40%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter last year, the company earned $0.98 earnings per share. Jacobs Engineering Group’s revenue for the quarter was up 56.1% on a year-over-year basis. On average, analysts anticipate that Jacobs Engineering Group Inc will post 5.15 EPS for the current fiscal year.

Several research analysts recently commented on the stock. Seaport Global Securities assumed coverage on shares of Jacobs Engineering Group in a report on Thursday, November 15th. They issued a “buy” rating and a $91.00 price target on the stock. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Barclays restated a “buy” rating and issued a $83.00 price target on shares of Jacobs Engineering Group in a report on Thursday, October 18th. Robert W. Baird raised their price target on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 23rd. Finally, Citigroup upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a report on Monday, October 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $83.92.

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Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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