Benjamin F. Edwards & Company Inc. lifted its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 34.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,257 shares of the construction company’s stock after purchasing an additional 1,602 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Jacobs Engineering Group were worth $413,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Jacobs Engineering Group by 68.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock worth $233,784,000 after purchasing an additional 1,634,127 shares during the period. First Quadrant L P CA boosted its holdings in Jacobs Engineering Group by 17.1% in the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock worth $17,618,000 after acquiring an additional 44,080 shares during the period. Hahn Capital Management LLC boosted its holdings in Jacobs Engineering Group by 1.0% in the 3rd quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock worth $38,943,000 after acquiring an additional 6,434 shares during the period. Waters Parkerson & CO. LLC boosted its holdings in Jacobs Engineering Group by 2.5% in the 3rd quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock worth $12,427,000 after acquiring an additional 5,295 shares during the period. Finally, Exane Derivatives purchased a new position in Jacobs Engineering Group in the 3rd quarter worth approximately $789,000. Institutional investors and hedge funds own 72.15% of the company’s stock.
A number of equities analysts have weighed in on JEC shares. Robert W. Baird restated a “hold” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a report on Friday, November 24th. Barclays started coverage on Jacobs Engineering Group in a report on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 price target for the company. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. KeyCorp upped their price target on Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Finally, Credit Suisse Group restated an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus price target of $70.40.
Jacobs Engineering Group Inc (JEC) opened at $69.95 on Friday. The company has a market capitalization of $9,950.00, a P/E ratio of 28.90, a PEG ratio of 1.39 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. Jacobs Engineering Group Inc has a one year low of $49.31 and a one year high of $70.35.
Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.16. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. sell-side analysts anticipate that Jacobs Engineering Group Inc will post 3.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 24.79%.
In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the transaction, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.74% of the company’s stock.
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Jacobs Engineering Group 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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