Jacobs Engineering Group Inc. (NYSE:J) Shares Sold by Park National Corp OH

Park National Corp OH lowered its holdings in Jacobs Engineering Group Inc. (NYSE:J) by 1.8% during the first quarter, Holdings Channel reports. The fund owned 5,912 shares of the company’s stock after selling 109 shares during the quarter. Park National Corp OH’s holdings in Jacobs Engineering Group were worth $764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in J. Price T Rowe Associates Inc. MD increased its stake in shares of Jacobs Engineering Group by 17.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,767,352 shares of the company’s stock worth $519,451,000 after acquiring an additional 716,744 shares during the period. Scharf Investments LLC acquired a new stake in Jacobs Engineering Group during the fourth quarter valued at $42,138,000. Morgan Stanley grew its position in Jacobs Engineering Group by 121.4% during the fourth quarter. Morgan Stanley now owns 538,924 shares of the company’s stock valued at $58,720,000 after buying an additional 295,559 shares during the period. Artemis Investment Management LLP grew its position in Jacobs Engineering Group by 150.8% during the fourth quarter. Artemis Investment Management LLP now owns 432,334 shares of the company’s stock valued at $47,161,000 after buying an additional 259,943 shares during the period. Finally, AGF Investments Inc. grew its position in Jacobs Engineering Group by 24.4% during the fourth quarter. AGF Investments Inc. now owns 984,455 shares of the company’s stock valued at $107,266,000 after buying an additional 192,798 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.

NYSE:J opened at $131.45 on Thursday. The company’s 50-day moving average price is $121.67 and its 200-day moving average price is $108.41. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.29. The company has a market cap of $17.10 billion, a P/E ratio of 35.43, a P/E/G ratio of 1.76 and a beta of 0.90. Jacobs Engineering Group Inc. has a twelve month low of $69.17 and a twelve month high of $133.76.

Jacobs Engineering Group (NYSE:J) last posted its quarterly earnings results on Monday, February 8th. The company reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.16. The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.40 billion. Jacobs Engineering Group had a net margin of 3.63% and a return on equity of 12.43%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. On average, analysts expect that Jacobs Engineering Group Inc. will post 5.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 26th. Stockholders of record on Friday, February 26th were paid a $0.21 dividend. This is an increase from Jacobs Engineering Group’s previous quarterly dividend of $0.19. This represents a $0.84 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 15.33%.

In other Jacobs Engineering Group news, SVP Michael R. Tyler sold 4,125 shares of Jacobs Engineering Group stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $122.11, for a total transaction of $503,703.75. Following the transaction, the senior vice president now directly owns 26,879 shares of the company’s stock, valued at $3,282,194.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Several analysts recently commented on the stock. Benchmark raised their price target on shares of Jacobs Engineering Group from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, March 11th. Robert W. Baird lowered shares of Jacobs Engineering Group from an “outperform” rating to a “neutral” rating and set a $118.00 price target on the stock. in a research report on Tuesday, January 5th. Barclays raised their price target on shares of Jacobs Engineering Group from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, January 15th. Finally, Credit Suisse Group lifted their target price on shares of Jacobs Engineering Group from $131.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus target price of $116.38.

Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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

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