Public Employees Retirement Association of Colorado increased its position in Jacobs Engineering Group Inc (NYSE:JEC) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,707 shares of the construction company’s stock after buying an additional 762 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Jacobs Engineering Group were worth $1,432,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Jacobs Engineering Group by 18.8% in the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after buying an additional 339 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Jacobs Engineering Group by 9.4% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,785 shares of the construction company’s stock valued at $570,000 after buying an additional 838 shares during the period. Global X MANAGEMENT CO LLC lifted its holdings in shares of Jacobs Engineering Group by 20.8% in the third quarter. Global X MANAGEMENT CO LLC now owns 5,736 shares of the construction company’s stock valued at $334,000 after buying an additional 986 shares during the period. Leavell Investment Management Inc. lifted its holdings in shares of Jacobs Engineering Group by 18.3% in the fourth quarter. Leavell Investment Management Inc. now owns 6,475 shares of the construction company’s stock valued at $427,000 after buying an additional 1,000 shares during the period. Finally, Forte Capital LLC ADV lifted its holdings in shares of Jacobs Engineering Group by 3.0% in the fourth quarter. Forte Capital LLC ADV now owns 35,285 shares of the construction company’s stock valued at $2,327,000 after buying an additional 1,036 shares during the period. Institutional investors and hedge funds own 71.51% of the company’s stock.
Several analysts have recently weighed in on JEC shares. Citigroup set a $64.00 price objective on Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. DA Davidson reaffirmed a “hold” rating and set a $68.00 target price on shares of Jacobs Engineering Group in a report on Wednesday, November 22nd. They noted that the move was a valuation call. KeyCorp upped their target price on Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. Jacobs Engineering Group presently has a consensus rating of “Hold” and a consensus target price of $74.00.
In related news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by insiders.
Shares of Jacobs Engineering Group Inc (JEC) opened at $63.19 on Friday. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $72.18. The company has a market capitalization of $8,952.19, a price-to-earnings ratio of 19.03, a PEG ratio of 1.18 and a beta of 1.49. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. Jacobs Engineering Group’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. sell-side analysts anticipate that Jacobs Engineering Group Inc will post 4.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date is Thursday, February 15th. Jacobs Engineering Group’s payout ratio is 30.77%.
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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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