Raymond James Financial Services Advisors Inc. decreased its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 61.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,913 shares of the construction company’s stock after selling 12,526 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Jacobs Engineering Group were worth $430,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Swiss National Bank raised its holdings in Jacobs Engineering Group by 2.9% during the second quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after purchasing an additional 12,500 shares in the last quarter. Legal & General Group Plc raised its holdings in Jacobs Engineering Group by 6.0% during the second quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock worth $38,928,000 after purchasing an additional 40,249 shares in the last quarter. Greenwood Capital Associates LLC raised its holdings in Jacobs Engineering Group by 6.4% during the second quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock worth $427,000 after purchasing an additional 470 shares in the last quarter. Prudential Financial Inc. raised its holdings in Jacobs Engineering Group by 61.5% during the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after purchasing an additional 122,362 shares in the last quarter. Finally, BT Investment Management Ltd bought a new stake in Jacobs Engineering Group during the second quarter worth approximately $13,951,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jacobs Engineering Group Inc. (JEC) opened at $59.29 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. Jacobs Engineering Group Inc. has a one year low of $49.16 and a one year high of $63.42. The stock has a market cap of $7,133.48, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.51.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $0.78 EPS. The company’s revenue was down 6.6% on a year-over-year basis. equities research analysts anticipate that Jacobs Engineering Group Inc. will post 3.09 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 13th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is currently 31.75%.
JEC has been the topic of several recent analyst reports. KeyCorp reissued a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 25th. Citigroup Inc. set a $64.00 target price on Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $63.00 price target on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $62.56.
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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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