Acadian Asset Management LLC lifted its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 240.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,928 shares of the construction company’s stock after buying an additional 112,994 shares during the period. Acadian Asset Management LLC owned approximately 0.11% of Jacobs Engineering Group worth $10,549,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Advisor Group Inc. lifted its position in Jacobs Engineering Group by 18.8% during the second 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 period. Whittier Trust Co. increased its holdings in Jacobs Engineering Group by 141.2% in the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after buying an additional 1,200 shares in the last quarter. Jarislowsky Fraser Ltd purchased a new position in Jacobs Engineering Group in the third quarter valued at $186,000. Palisade Capital Management LLC NJ purchased a new position in Jacobs Engineering Group in the third quarter valued at $206,000. Finally, MPS Loria Financial Planners LLC purchased a new position in Jacobs Engineering Group in the second quarter valued at $209,000. Institutional investors and hedge funds own 71.51% of the company’s stock.
In other news, Director Joseph R. Bronson sold 6,125 shares of the company’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 transaction, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.
A number of research analysts have weighed in on the stock. Alembic Global Advisors reaffirmed a “buy” rating on shares of Jacobs Engineering Group in a report on Monday. Barclays boosted their target price on shares of Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Citigroup set a $64.00 target price on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research note on Friday, October 27th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Finally, Jefferies Group set a $70.00 target price on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. Jacobs Engineering Group currently has a consensus rating of “Hold” and an average target price of $74.00.
Jacobs Engineering Group Inc (NYSE JEC) traded up $1.39 during trading hours on Wednesday, reaching $63.66. 1,669,651 shares of the company’s stock traded hands, compared to its average volume of 1,286,967. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a market cap of $8,938.05, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $72.18.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, topping the 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 analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.68 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. sell-side analysts anticipate that Jacobs Engineering Group Inc will post 4.01 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.94%. Jacobs Engineering Group’s dividend payout ratio is currently 30.77%.
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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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