Nomura Asset Management Co. Ltd. boosted its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,283 shares of the construction company’s stock after buying an additional 1,850 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Jacobs Engineering Group were worth $2,525,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of JEC. Cerebellum GP LLC acquired a new stake in Jacobs Engineering Group in the 4th quarter worth about $127,000. Tower Research Capital LLC TRC acquired a new stake in Jacobs Engineering Group in the 4th quarter worth about $131,000. Jarislowsky Fraser Ltd acquired a new stake in Jacobs Engineering Group in the 3rd quarter worth about $186,000. Virtu Financial LLC acquired a new stake in Jacobs Engineering Group in the 4th quarter worth about $200,000. Finally, Cadence Capital Management LLC acquired a new stake in Jacobs Engineering Group in the 4th quarter worth about $215,000. 82.25% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:JEC opened at $58.01 on Friday. The stock has a market cap of $8,525.78, a P/E ratio of 17.90, a P/E/G ratio of 1.12 and a beta of 1.47. 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 Inc has a one year low of $49.31 and a one year high of $72.18.
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. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the business posted $0.68 EPS. The company’s revenue was up 7.8% on a year-over-year basis. equities analysts forecast that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 16th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 1.03%. Jacobs Engineering Group’s dividend payout ratio is presently 18.52%.
A number of equities analysts have recently commented on the company. Credit Suisse Group restated an “outperform” rating and issued a $82.00 price objective on shares of Jacobs Engineering Group in a report on Thursday, January 18th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Monday, January 8th. Barclays raised their price objective on Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Citigroup raised their price objective on Jacobs Engineering Group from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. Jacobs Engineering Group has a consensus rating of “Buy” and a consensus price target of $74.62.
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Jacobs Engineering Group Company 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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