Hahn Capital Management LLC lowered its position in Jacobs Engineering Group Inc (NYSE:JEC) by 10.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 524,445 shares of the construction company’s stock after selling 63,960 shares during the quarter. Jacobs Engineering Group accounts for 3.9% of Hahn Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Hahn Capital Management LLC’s holdings in Jacobs Engineering Group were worth $33,297,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Integrated Investment Consultants LLC acquired a new position in Jacobs Engineering Group in the second quarter valued at $102,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in Jacobs Engineering Group in the first quarter valued at $118,000. Optimum Investment Advisors acquired a new position in Jacobs Engineering Group in the first quarter valued at $121,000. Point72 Asia Hong Kong Ltd boosted its holdings in Jacobs Engineering Group by 2,423.3% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,271 shares of the construction company’s stock valued at $134,000 after acquiring an additional 2,181 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Jacobs Engineering Group by 88.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock valued at $136,000 after acquiring an additional 1,004 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.
Several research analysts have commented on the company. Jefferies Financial Group reissued a “hold” rating and issued a $74.00 price objective on shares of Jacobs Engineering Group in a research report on Tuesday, August 7th. DA Davidson raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Monday, August 6th. KeyCorp raised their price objective on Jacobs Engineering Group from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 7th. Credit Suisse Group raised their price objective on Jacobs Engineering Group from $86.00 to $88.00 and gave the company an “outperform” rating in a research report on Tuesday, August 7th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $82.00 price objective (up from $73.00) on shares of Jacobs Engineering Group in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Jacobs Engineering Group currently has a consensus rating of “Buy” and an average price target of $79.85.
NYSE:JEC opened at $75.78 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 1.45. Jacobs Engineering Group Inc has a 12 month low of $55.21 and a 12 month high of $76.12. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 1.31 and a beta of 1.55.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.21 by $0.14. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The company had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4 billion. During the same period last year, the company posted $0.79 earnings per share. The firm’s revenue was up 65.3% compared to the same quarter last year. equities research analysts anticipate that Jacobs Engineering Group Inc will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, September 28th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, September 27th. Jacobs Engineering Group’s payout ratio is 18.52%.
Jacobs Engineering Group Profile
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.
Further Reading: Market Capitalization in the Stock Market
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