Brandywine Global Investment Management LLC Acquires 3,156 Shares of Jacobs Engineering Group Inc (NYSE:JEC)

Brandywine Global Investment Management LLC lifted its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 108,899 shares of the construction company’s stock after buying an additional 3,156 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.08% of Jacobs Engineering Group worth $7,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $127,000. Tower Research Capital LLC TRC acquired a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $131,000. Virtu Financial LLC acquired a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $200,000. Cadence Capital Management LLC acquired a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $215,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Jacobs Engineering Group during the fourth quarter worth about $217,000. Institutional investors and hedge funds own 82.25% of the company’s stock.

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Shares of JEC stock traded down $1.86 during midday trading on Friday, reaching $58.01. 1,144,446 shares of the company traded hands, compared to its average volume of 1,326,850. Jacobs Engineering Group Inc has a 1-year low of $49.31 and a 1-year high of $72.18. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $8,218.33, a price-to-earnings ratio of 17.90, a PEG ratio of 1.08 and a beta of 1.47.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. sell-side analysts forecast that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Jacobs Engineering Group’s payout ratio is 18.52%.

Several equities research analysts have recently weighed in on the stock. Goldman Sachs upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 3rd. UBS set a $86.00 target price on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research note on Thursday, March 29th. Deutsche Bank upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $73.00 in a research note on Thursday, March 29th. MKM Partners upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $71.00 price objective for the company in a research report on Wednesday, March 28th. Finally, Robert W. Baird upgraded shares of Jacobs Engineering Group from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a research report on Monday, March 26th. One 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. The stock presently has an average rating of “Buy” and an average target price 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.

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

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