Security National Bank of SO Dak Acquires 146 Shares of Jacobs Engineering Group Inc. (JEC)

Security National Bank of SO Dak boosted its holdings in Jacobs Engineering Group Inc. (NYSE:JEC) by 0.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,544 shares of the construction company’s stock after buying an additional 146 shares during the period. Jacobs Engineering Group makes up 1.8% of Security National Bank of SO Dak’s investment portfolio, making the stock its 13th biggest holding. Security National Bank of SO Dak’s holdings in Jacobs Engineering Group were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Global X Management Co. LLC grew its stake in Jacobs Engineering Group by 204.2% in the 1st quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock valued at $112,000 after buying an additional 1,364 shares in the last quarter. Advisor Group Inc. grew its stake in Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after buying an additional 339 shares in the last quarter. First Manhattan Co. grew its stake in Jacobs Engineering Group by 1,013.6% in the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock valued at $129,000 after buying an additional 2,169 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Jacobs Engineering Group in the 1st quarter valued at approximately $160,000. Finally, Invictus RG purchased a new position in Jacobs Engineering Group in the 1st quarter valued at approximately $178,000. Institutional investors and hedge funds own 86.18% of the company’s stock.

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Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded down 0.060% on Tuesday, reaching $58.345. 163,296 shares of the company traded hands. Jacobs Engineering Group Inc. has a 1-year low of $49.16 and a 1-year high of $63.42. The stock has a 50-day moving average price of $55.71 and a 200 day moving average price of $54.14. The firm has a market capitalization of $7.02 billion, a P/E ratio of 31.035 and a beta of 1.53.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting the Thomson Reuters’ 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 net margin of 2.29% and a return on equity of 8.67%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. Analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.60 annualized dividend and a yield of 1.03%. Jacobs Engineering Group’s payout ratio is 31.75%.

JEC has been the subject of a number of recent research reports. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, KeyCorp restated a “buy” rating and set a $60.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $61.75.

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

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