Natixis Advisors L.P. Boosts Stake in Jacobs Engineering Group Inc (NYSE:JEC)

Natixis Advisors L.P. increased its position in Jacobs Engineering Group Inc (NYSE:JEC) by 3.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 46,497 shares of the construction company’s stock after purchasing an additional 1,382 shares during the period. Natixis Advisors L.P.’s holdings in Jacobs Engineering Group were worth $3,924,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Monarch Capital Management Inc. lifted its position in shares of Jacobs Engineering Group by 0.5% in the second quarter. Monarch Capital Management Inc. now owns 28,527 shares of the construction company’s stock worth $2,407,000 after buying an additional 130 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Jacobs Engineering Group by 1.8% in the second quarter. LS Investment Advisors LLC now owns 8,939 shares of the construction company’s stock worth $754,000 after buying an additional 160 shares in the last quarter. Smith Salley & Associates lifted its position in shares of Jacobs Engineering Group by 4.1% in the second quarter. Smith Salley & Associates now owns 4,042 shares of the construction company’s stock worth $341,000 after buying an additional 161 shares in the last quarter. Edmond DE Rothschild Holding S.A. lifted its position in shares of Jacobs Engineering Group by 5.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 3,432 shares of the construction company’s stock worth $258,000 after buying an additional 178 shares in the last quarter. Finally, ETF Managers Group LLC lifted its position in shares of Jacobs Engineering Group by 8.1% in the first quarter. ETF Managers Group LLC now owns 2,431 shares of the construction company’s stock worth $183,000 after buying an additional 182 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

NYSE JEC traded up $1.28 during trading hours on Friday, hitting $91.66. 26,010 shares of the company were exchanged, compared to its average volume of 930,102. The stock has a 50-day moving average price of $85.77 and a 200 day moving average price of $79.93. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. Jacobs Engineering Group Inc has a 52 week low of $55.17 and a 52 week high of $93.93. The stock has a market cap of $12.19 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.37.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the firm posted $1.35 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Jacobs Engineering Group Inc will post 4.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, July 26th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.68 annualized dividend and a yield of 0.74%. Jacobs Engineering Group’s payout ratio is currently 15.21%.

A number of research firms recently commented on JEC. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, August 16th. DA Davidson boosted their target price on Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Cowen reiterated a “buy” rating and issued a $92.00 target price on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th. Credit Suisse Group boosted their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Finally, Bank of America reissued a “buy” rating and set a $98.00 price objective on shares of Jacobs Engineering Group in a research note on Thursday, August 22nd. Thirteen research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $87.81.

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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