Creative Planning Boosts Stake in Jacobs Engineering Group Inc (JEC)

Creative Planning lifted its position in Jacobs Engineering Group Inc (NYSE:JEC) by 6.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,110 shares of the construction company’s stock after buying an additional 1,828 shares during the period. Creative Planning’s holdings in Jacobs Engineering Group were worth $1,877,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of JEC. Ipswich Investment Management Co. Inc. acquired a new stake in Jacobs Engineering Group during the fourth quarter worth approximately $47,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Jacobs Engineering Group by 103.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,417 shares of the construction company’s stock valued at $108,000 after acquiring an additional 720 shares during the last quarter. SRS Capital Advisors Inc. bought a new position in Jacobs Engineering Group in the third quarter valued at approximately $148,000. Atlas Capital Advisors LLC bought a new position in Jacobs Engineering Group in the third quarter valued at approximately $163,000. Finally, National Pension Service bought a new stake in shares of Jacobs Engineering Group during the third quarter worth $164,000. Institutional investors and hedge funds own 86.46% of the company’s stock.

In other news, SVP Michael R. Tyler sold 873 shares of the business’s stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $58.37, for a total transaction of $50,957.01. Following the completion of the transaction, the senior vice president now directly owns 28,935 shares of the company’s stock, valued at $1,688,935.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Michael R. Tyler sold 765 shares of the business’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $65.07, for a total value of $49,778.55. Following the transaction, the senior vice president now directly owns 27,826 shares of the company’s stock, valued at $1,810,637.82. The disclosure for this sale can be found here. 0.92% of the stock is owned by insiders.

A number of brokerages have issued reports on JEC. Citigroup raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Monday, October 22nd. Robert W. Baird increased their target price on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 23rd. Credit Suisse Group lowered their price objective on shares of Jacobs Engineering Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 21st. Barclays restated a “buy” rating and set a $83.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, October 18th. Finally, Seaport Global Securities began coverage on shares of Jacobs Engineering Group in a report on Thursday, November 15th. They set a “buy” rating and a $91.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $81.64.

Shares of Jacobs Engineering Group stock opened at $65.73 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.46. Jacobs Engineering Group Inc has a 1 year low of $55.17 and a 1 year high of $82.24. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.30 and a beta of 1.38.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Wednesday, February 6th. The construction company reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.09. Jacobs Engineering Group had a net margin of 1.96% and a return on equity of 10.57%. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $0.77 EPS. Jacobs Engineering Group’s revenue was up 72.9% on a year-over-year basis. As a group, equities research analysts forecast that Jacobs Engineering Group Inc will post 5.21 earnings per share for the current fiscal year.

Jacobs Engineering Group declared that its Board of Directors has approved a share buyback program on Thursday, January 17th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the construction company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Thursday, February 14th. This is a positive change from Jacobs Engineering Group’s previous quarterly dividend of $0.15. Jacobs Engineering Group’s payout ratio is currently 13.42%.

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Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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