Ladenburg Thalmann Financial Services Inc. Purchases 1,531 Shares of Jacobs Engineering Group Inc (JEC)

Ladenburg Thalmann Financial Services Inc. grew its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,968 shares of the construction company’s stock after purchasing an additional 1,531 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Jacobs Engineering Group were worth $1,238,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Granite Investment Partners LLC boosted its stake in shares of Jacobs Engineering Group by 0.5% during the first quarter. Granite Investment Partners LLC now owns 169,647 shares of the construction company’s stock valued at $10,035,000 after purchasing an additional 910 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Jacobs Engineering Group by 4.2% during the first quarter. M&T Bank Corp now owns 24,180 shares of the construction company’s stock valued at $1,430,000 after purchasing an additional 966 shares in the last quarter. Rampart Investment Management Company LLC boosted its stake in shares of Jacobs Engineering Group by 73.5% during the first quarter. Rampart Investment Management Company LLC now owns 2,627 shares of the construction company’s stock valued at $155,000 after purchasing an additional 1,113 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Jacobs Engineering Group by 6.4% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 19,953 shares of the construction company’s stock valued at $1,180,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Jacobs Engineering Group by 0.6% during the first quarter. Asset Management One Co. Ltd. now owns 217,856 shares of the construction company’s stock valued at $12,887,000 after purchasing an additional 1,246 shares in the last quarter. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

JEC has been the subject of a number of analyst reports. Macquarie upgraded Jacobs Engineering Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 8th. Goldman Sachs Group upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 3rd. Vertical Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Deutsche Bank upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $72.00 to $73.00 in a research report on Thursday, March 29th. Finally, Credit Suisse Group raised their price objective on Jacobs Engineering Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $75.54.

Shares of JEC stock opened at $63.40 on Friday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.04 and a beta of 1.49. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $72.18.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, May 8th. The construction company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.13. The business had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $3.60 billion. Jacobs Engineering Group had a return on equity of 8.76% and a net margin of 1.97%. The firm’s revenue for the quarter was up 70.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. research analysts anticipate that Jacobs Engineering Group Inc will post 4.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 18th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 17th. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Jacobs Engineering Group’s payout ratio is currently 18.52%.

In other Jacobs Engineering Group news, Director Robert C. Davidson, Jr. sold 700 shares of Jacobs Engineering Group stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $65.95, for a total value of $46,165.00. Following the completion of the sale, the director now directly owns 28,618 shares in the company, valued at $1,887,357.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher M.T. Thompson bought 4,000 shares of the stock in a transaction on Tuesday, May 22nd. The stock was acquired at an average price of $64.10 per share, with a total value of $256,400.00. Following the completion of the acquisition, the director now owns 15,318 shares of the company’s stock, valued at approximately $981,883.80. The disclosure for this purchase can be found here. Insiders own 0.74% of the company’s stock.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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