Greenwood Capital Associates LLC lessened its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 14.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,142 shares of the construction company’s stock after selling 1,214 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Jacobs Engineering Group were worth $603,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of JEC. Geode Capital Management LLC boosted its stake in shares of Jacobs Engineering Group by 8.2% in the 4th quarter. Geode Capital Management LLC now owns 1,723,590 shares of the construction company’s stock valued at $100,600,000 after buying an additional 131,056 shares during the period. First Republic Investment Management Inc. increased its holdings in Jacobs Engineering Group by 17.9% in the first quarter. First Republic Investment Management Inc. now owns 7,099 shares of the construction company’s stock valued at $534,000 after buying an additional 1,076 shares during the last quarter. Sigma Planning Corp acquired a new stake in Jacobs Engineering Group in the first quarter valued at $251,000. Robeco Institutional Asset Management B.V. raised its stake in Jacobs Engineering Group by 156.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 31,107 shares of the construction company’s stock valued at $2,339,000 after buying an additional 18,991 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Jacobs Engineering Group by 1.4% during the 1st quarter. Crossmark Global Holdings Inc. now owns 17,311 shares of the construction company’s stock worth $1,302,000 after buying an additional 240 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.
Shares of JEC traded up $0.19 during midday trading on Wednesday, reaching $90.16. 5,090 shares of the stock were exchanged, compared to its average volume of 887,880. Jacobs Engineering Group Inc has a twelve month low of $55.17 and a twelve month high of $93.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $12.17 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.73 and a beta of 1.37. The business’s 50-day moving average price is $85.67 and its 200 day moving average price is $79.85.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. As a group, equities research analysts expect that Jacobs Engineering Group Inc will post 4.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 15.21%.
JEC has been the subject of several analyst reports. Credit Suisse Group upped their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Bank of America reissued a “buy” rating and set a $98.00 target price on shares of Jacobs Engineering Group in a research report on Thursday, August 22nd. Cowen restated a “buy” rating and set a $92.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday, August 20th. DA Davidson upped their price target on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Thirteen equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $87.81.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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