Flinton Capital Management LLC lifted its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 44.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,724 shares of the construction company’s stock after acquiring an additional 7,644 shares during the quarter. Flinton Capital Management LLC’s holdings in Jacobs Engineering Group were worth $1,630,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Jacobs Engineering Group in the fourth quarter valued at about $127,000. Tower Research Capital LLC TRC acquired a new stake in shares of Jacobs Engineering Group in the fourth quarter valued at about $131,000. Virtu Financial LLC acquired a new stake in shares of Jacobs Engineering Group in the fourth quarter valued at about $200,000. Cadence Capital Management LLC acquired a new position in Jacobs Engineering Group during the fourth quarter worth approximately $215,000. Finally, Pinnacle Associates Ltd. acquired a new position in Jacobs Engineering Group during the fourth quarter worth approximately $217,000. 82.20% of the stock is currently owned by institutional investors and hedge funds.
Jacobs Engineering Group Inc (JEC) opened at $60.95 on Friday. Jacobs Engineering Group Inc has a 12-month low of $49.31 and a 12-month high of $72.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. The company has a market capitalization of $8,491.78, a P/E ratio of 18.05, a PEG ratio of 1.12 and a beta of 1.54.
Jacobs Engineering Group (NYSE:JEC) last posted 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. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. sell-side analysts expect that Jacobs Engineering Group Inc will post 4.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, February 15th. Jacobs Engineering Group’s payout ratio is 30.77%.
A number of equities analysts have weighed in on the company. Credit Suisse Group reissued a “buy” rating on shares of Jacobs Engineering Group in a research report on Wednesday, February 28th. Alembic Global Advisors reissued a “buy” rating on shares of Jacobs Engineering Group in a research report on Monday, February 12th. Bank of America boosted their price target on Jacobs Engineering Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Jefferies Group set a $70.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Wednesday, February 7th. Finally, Robert W. Baird set a $75.00 price target on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the stock. Jacobs Engineering Group has an average rating of “Hold” and a consensus target price of $74.00.
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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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