Jacobs Engineering Group Inc (JEC) Holdings Increased by Vident Investment Advisory LLC

Vident Investment Advisory LLC lifted its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,823 shares of the construction company’s stock after buying an additional 2,223 shares during the period. Vident Investment Advisory LLC’s holdings in Jacobs Engineering Group were worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Chevy Chase Trust Holdings Inc. raised its holdings in shares of Jacobs Engineering Group by 1.1% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 104,935 shares of the construction company’s stock valued at $6,114,000 after buying an additional 1,189 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Jacobs Engineering Group by 21.5% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 16,582 shares of the construction company’s stock valued at $966,000 after buying an additional 2,929 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Jacobs Engineering Group during the 3rd quarter valued at about $9,576,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Jacobs Engineering Group by 12.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 14,547 shares of the construction company’s stock valued at $851,000 after buying an additional 1,600 shares in the last quarter. Finally, Epoch Investment Partners Inc. grew its position in Jacobs Engineering Group by 6.5% during the 3rd quarter. Epoch Investment Partners Inc. now owns 1,036,189 shares of the construction company’s stock worth $60,379,000 after acquiring an additional 63,645 shares during the last quarter. 85.14% of the stock is currently owned by institutional investors.

Several equities analysts recently issued reports on JEC shares. Robert W. Baird restated a “hold” rating and set a $63.00 price target on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Citigroup set a $64.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Jacobs Engineering Group has a consensus rating of “Hold” and an average target price of $67.44.

In other news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total value of $385,936.25. Following the sale, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a filing with the SEC, which is available through this link. 0.74% of the stock is currently owned by company insiders.

Shares of Jacobs Engineering Group Inc (NYSE:JEC) traded up $0.82 during mid-day trading on Monday, hitting $68.51. The stock had a trading volume of 854,100 shares, compared to its average volume of 823,658. The company has a market cap of $8,256.92, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.49 and a beta of 1.56. Jacobs Engineering Group Inc has a 12-month low of $49.31 and a 12-month high of $68.97. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS. research analysts forecast that Jacobs Engineering Group Inc will post 3.44 EPS for the current fiscal year.

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

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