Bellwether Advisors LLC Buys New Holdings in Jacobs Engineering Group Inc. (NYSE:J)

Bellwether Advisors LLC bought a new stake in Jacobs Engineering Group Inc. (NYSE:J) in the second quarter, Holdings Channel reports. The institutional investor bought 5,239 shares of the company’s stock, valued at approximately $698,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of J. Commonwealth Equity Services LLC raised its stake in shares of Jacobs Engineering Group by 89.4% in the first quarter. Commonwealth Equity Services LLC now owns 39,428 shares of the company’s stock valued at $5,096,000 after purchasing an additional 18,609 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Jacobs Engineering Group by 11.3% in the first quarter. Envestnet Asset Management Inc. now owns 213,468 shares of the company’s stock valued at $27,595,000 after purchasing an additional 21,756 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Jacobs Engineering Group by 11.0% in the first quarter. IFM Investors Pty Ltd now owns 13,961 shares of the company’s stock valued at $1,805,000 after purchasing an additional 1,379 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Jacobs Engineering Group by 99.3% during the first quarter. Cullen Frost Bankers Inc. now owns 1,196 shares of the company’s stock worth $155,000 after acquiring an additional 596 shares in the last quarter. Finally, Standard Life Aberdeen plc raised its stake in Jacobs Engineering Group by 29.6% during the first quarter. Standard Life Aberdeen plc now owns 64,882 shares of the company’s stock worth $8,388,000 after acquiring an additional 14,819 shares in the last quarter. Institutional investors and hedge funds own 85.74% of the company’s stock.

Jacobs Engineering Group stock traded down $2.14 during mid-day trading on Friday, hitting $131.55. 3,360 shares of the company were exchanged, compared to its average volume of 597,997. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.50. The business has a fifty day moving average of $133.93 and a 200 day moving average of $133.31. Jacobs Engineering Group Inc. has a 1-year low of $88.15 and a 1-year high of $145.97. The company has a market capitalization of $17.14 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 1.64 and a beta of 0.86.

Jacobs Engineering Group (NYSE:J) last released its quarterly earnings data on Tuesday, August 3rd. The company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.16. Jacobs Engineering Group had a return on equity of 13.75% and a net margin of 3.68%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same period in the prior year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts expect that Jacobs Engineering Group Inc. will post 6.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Friday, July 30th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $0.84 annualized dividend and a yield of 0.64%. Jacobs Engineering Group’s dividend payout ratio is currently 15.33%.

About Jacobs Engineering Group

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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

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