Jacobs Engineering Group Inc. (JEC) Given “Neutral” Rating at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Jacobs Engineering Group Inc. (NYSE:JEC) in a research report released on Friday, May 12th. They currently have a $64.00 target price on the construction company’s stock, up from their prior target price of $62.00.

A number of other brokerages have also recently weighed in on JEC. Jefferies Group LLC reiterated a hold rating and set a $61.00 price target (down from $64.00) on shares of Jacobs Engineering Group in a research report on Thursday, February 9th. Zacks Investment Research lowered Jacobs Engineering Group from a buy rating to a hold rating in a report on Friday, February 10th. DA Davidson reissued a neutral rating on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Finally, Credit Suisse Group reissued a buy rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $61.11.

Jacobs Engineering Group (NYSE:JEC) traded up 0.04% during mid-day trading on Friday, hitting $53.82. The company had a trading volume of 784,793 shares. The company has a market capitalization of $6.48 billion, a P/E ratio of 31.29 and a beta of 1.55. Jacobs Engineering Group has a 52-week low of $47.14 and a 52-week high of $63.42. The company has a 50-day moving average price of $53.57 and a 200 day moving average price of $56.30.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a return on equity of 8.56% and a net margin of 2.05%. The firm had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Jacobs Engineering Group’s revenue for the quarter was down 17.2% compared to the same quarter last year. On average, analysts forecast that Jacobs Engineering Group will post $3.13 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, May 19th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, May 17th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 34.88%.

A number of large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC increased its stake in Jacobs Engineering Group by 204.2% in the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock worth $112,000 after buying an additional 1,364 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in Jacobs Engineering Group by 40.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,800 shares of the construction company’s stock worth $145,000 after buying an additional 800 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Jacobs Engineering Group during the first quarter worth approximately $160,000. Invictus RG acquired a new position in shares of Jacobs Engineering Group during the first quarter worth approximately $178,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock worth $167,000 after buying an additional 158 shares in the last quarter. 86.70% of the stock is currently owned by institutional investors and hedge funds.

About Jacobs Engineering Group

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

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