Flinton Capital Management LLC boosted its position in Jacobs Engineering Group Inc (NYSE:JEC) by 44.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 24,724 shares of the construction company’s stock after purchasing an additional 7,644 shares during the period. Flinton Capital Management LLC’s holdings in Jacobs Engineering Group were worth $1,630,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JEC. Wells Fargo & Company MN boosted its stake in Jacobs Engineering Group by 68.7% in the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock valued at $233,784,000 after acquiring an additional 1,634,127 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. boosted its stake in Jacobs Engineering Group by 9.4% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after acquiring an additional 487,089 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Jacobs Engineering Group in the third quarter valued at about $23,148,000. Amundi Pioneer Asset Management Inc. purchased a new position in Jacobs Engineering Group in the fourth quarter valued at about $18,841,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Jacobs Engineering Group by 1,509.3% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 234,100 shares of the construction company’s stock valued at $15,441,000 after acquiring an additional 219,553 shares during the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.
Shares of JEC stock traded down $1.86 during trading on Friday, reaching $58.01. 1,144,446 shares of the company’s stock traded hands, compared to its average volume of 1,326,850. The stock has a market capitalization of $8,218.33, a P/E ratio of 17.90, a PEG ratio of 1.08 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 1 year low of $49.31 and a 1 year high of $72.18.
Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities analysts predict that Jacobs Engineering Group Inc will post 4.01 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Friday, February 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio is presently 18.52%.
JEC has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Jacobs Engineering Group in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 target price on the stock. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $82.00 target price on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Finally, UBS upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and an average price target of $74.62.
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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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