First American Trust FSB Takes Position in Jacobs Engineering Group Inc (JEC)

First American Trust FSB purchased a new stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 24,465 shares of the construction company’s stock, valued at approximately $1,613,000.

Other large investors have also recently bought and sold shares of the company. First Quadrant L P CA lifted its position in Jacobs Engineering Group by 17.1% during the third quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock valued at $17,618,000 after purchasing an additional 44,080 shares during the period. Hahn Capital Management LLC lifted its position in Jacobs Engineering Group by 1.0% during the third quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock valued at $38,943,000 after purchasing an additional 6,434 shares during the period. Exane Derivatives bought a new position in Jacobs Engineering Group during the third quarter valued at approximately $789,000. Waters Parkerson & CO. LLC lifted its position in Jacobs Engineering Group by 2.5% during the third quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock valued at $12,427,000 after purchasing an additional 5,295 shares during the period. Finally, Carnick & Kubik Group LLC bought a new position in Jacobs Engineering Group during the third quarter valued at approximately $420,000. Hedge funds and other institutional investors own 84.57% of the company’s stock.

A number of research analysts recently weighed in on the stock. Barclays assumed coverage on shares of Jacobs Engineering Group in a research report on Tuesday, December 12th. They set an “overweight” rating and a $75.00 price objective on the stock. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. KeyCorp increased their price objective on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, November 22nd. Finally, DA Davidson restated a “hold” rating and set a $68.00 price objective on shares of Jacobs Engineering Group in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.10.

In other news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

Jacobs Engineering Group Inc (JEC) opened at $67.81 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56. Jacobs Engineering Group Inc has a 52-week low of $49.31 and a 52-week high of $69.35. The firm has a market cap of $8,170.00, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.44 and a beta of 1.56.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. sell-side analysts predict that Jacobs Engineering Group Inc will post 3.53 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “First American Trust FSB Takes Position in Jacobs Engineering Group Inc (JEC)” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at https://www.com-unik.info/2018/01/11/first-american-trust-fsb-takes-position-in-jacobs-engineering-group-inc-jec.html.

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.

Want to see what other hedge funds are holding JEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Engineering Group Inc (NYSE:JEC).

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

What are top analysts saying about Jacobs Engineering Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Jacobs Engineering Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit