Investment Analysts’ Recent Ratings Updates for Jacobs Engineering Group (JEC)

A number of research firms have changed their ratings and price targets for Jacobs Engineering Group (NYSE: JEC):

  • 2/7/2019 – Jacobs Engineering Group had its price target lowered by analysts at DA Davidson to $86.00. They now have a “buy” rating on the stock.
  • 2/6/2019 – Jacobs Engineering Group had its “buy” rating reaffirmed by analysts at Seaport Global Securities. They now have a $86.00 price target on the stock.
  • 1/30/2019 – Jacobs Engineering Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $73.00 price target on the stock. According to Zacks, “Shares of Jacobs have outperformed the industry in a year's time. Earnings estimates for fiscal 2019 have remained stable over the last 30 days. Robust segmental performances, ongoing contract wins and CH2M buyout will likely act in favor for Jacobs' top-line performances. On the other hand, higher revenues, increased focus on high-value businesses and efficient project execution are likely to boost the company’s bottom-line results in the upcoming quarters. Elevated construction spending in the United States and Trump’s impetus to boost infrastructure spending have been triggering demand for Jacob’s state-of-the-art construction, and engineering services since the past few quarters.”
  • 1/28/2019 – Jacobs Engineering Group is now covered by analysts at Cowen Inc. They set an “outperform” rating and a $77.00 price target on the stock.
  • 1/7/2019 – Jacobs Engineering Group had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $73.00 price target on the stock.

Shares of NYSE:JEC opened at $65.73 on Monday. Jacobs Engineering Group Inc has a twelve month low of $55.17 and a twelve month high of $82.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $9.17 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.38.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Wednesday, February 6th. The construction company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Jacobs Engineering Group had a return on equity of 10.57% and a net margin of 1.96%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $0.77 EPS. The business’s revenue was up 72.9% on a year-over-year basis. On average, analysts forecast that Jacobs Engineering Group Inc will post 5.26 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 15th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.03%. This is a boost from Jacobs Engineering Group’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, February 14th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 13.42%.

In related news, SVP Michael R. Tyler sold 765 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $65.07, for a total transaction of $49,778.55. Following the completion of the sale, the senior vice president now owns 27,826 shares in the company, valued at $1,810,637.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael R. Tyler sold 873 shares of the business’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $58.37, for a total value of $50,957.01. Following the sale, the senior vice president now owns 28,935 shares of the company’s stock, valued at approximately $1,688,935.95. The disclosure for this sale can be found here. Company insiders own 0.92% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JEC. AGF Investments Inc. acquired a new position in shares of Jacobs Engineering Group in the fourth quarter valued at approximately $37,633,000. BlackRock Inc. increased its holdings in shares of Jacobs Engineering Group by 1.3% in the fourth quarter. BlackRock Inc. now owns 8,488,236 shares of the construction company’s stock valued at $496,221,000 after purchasing an additional 108,339 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in shares of Jacobs Engineering Group in the fourth quarter valued at approximately $245,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Jacobs Engineering Group by 50.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 12,116 shares of the construction company’s stock valued at $708,000 after purchasing an additional 4,071 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Jacobs Engineering Group by 8.5% in the fourth quarter. California Public Employees Retirement System now owns 298,926 shares of the construction company’s stock valued at $17,475,000 after purchasing an additional 23,522 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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