Security National Bank of Sioux City Iowa IA boosted its holdings in Jacobs Engineering Group Inc. (NYSE:JEC) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,540 shares of the construction company’s stock after purchasing an additional 233 shares during the period. Jacobs Engineering Group comprises 1.8% of Security National Bank of Sioux City Iowa IA’s holdings, making the stock its 12th largest position. Security National Bank of Sioux City Iowa IA’s holdings in Jacobs Engineering Group were worth $1,825,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of JEC. Global X Management Co. LLC boosted its position 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 purchasing an additional 1,364 shares during the last quarter. Advisor Group Inc. boosted its position in Jacobs Engineering Group by 18.8% in the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after purchasing an additional 339 shares during the last quarter. First Manhattan Co. boosted its position in Jacobs Engineering Group by 1,013.6% in the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after purchasing an additional 2,169 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Jacobs Engineering Group in the first quarter worth $160,000. Finally, Invictus RG purchased a new position in Jacobs Engineering Group in the first quarter worth $178,000. 86.18% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts have weighed in on the company. Robert W. Baird reissued a “hold” rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a research report on Friday. BidaskClub lowered Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Finally, Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.75.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. Equities analysts forecast that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 13th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 31.75%.
Jacobs Engineering Group Company Profile
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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