Jacobs Engineering Group Inc (JEC) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC reduced its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 17.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,145 shares of the construction company’s stock after selling 900 shares during the period. Chesley Taft & Associates LLC’s holdings in Jacobs Engineering Group were worth $273,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. lifted its stake in Jacobs Engineering Group by 141.2% in the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after acquiring an additional 1,200 shares in the last quarter. Advisor Group Inc. lifted 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 worth $117,000 after acquiring an additional 339 shares in the last quarter. Jarislowsky Fraser Ltd purchased a new stake in Jacobs Engineering Group in the 3rd quarter worth about $186,000. Palisade Capital Management LLC NJ purchased a new stake in Jacobs Engineering Group in the 3rd quarter worth about $206,000. Finally, Bridgewater Associates LP purchased a new stake in Jacobs Engineering Group in the 2nd quarter worth about $207,000. 84.57% of the stock is owned by hedge funds and other institutional investors.

Jacobs Engineering Group Inc (NYSE JEC) opened at $67.81 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The company has a market capitalization of $8,170.00, a PE ratio of 28.02, a PEG ratio of 1.44 and a beta of 1.56. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $69.35.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.16. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.77 EPS. analysts expect that Jacobs Engineering Group Inc will post 3.53 earnings per share for the current year.

Several equities research analysts recently issued reports on JEC shares. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Citigroup set a $64.00 target price on Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Friday, October 27th. Argus reaffirmed a “buy” rating and issued a $73.00 target price on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. Barclays initiated coverage on Jacobs Engineering Group in a research report on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 target price on the stock. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $69.00 target price on shares of Jacobs Engineering Group in a research report on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.10.

In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the transaction, the director now owns 30,496 shares of the company’s stock, valued at approximately $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

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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.

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

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