Asset Management One Co. Ltd. increased its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,662 shares of the construction company’s stock after buying an additional 6,093 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Jacobs Engineering Group worth $8,578,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of JEC. Arcadia Investment Management Corp MI acquired a new stake in Jacobs Engineering Group during the 2nd quarter valued at $25,000. Hanson & Doremus Investment Management acquired a new stake in shares of Jacobs Engineering Group in the 2nd quarter valued at $26,000. Weaver Consulting Group acquired a new stake in shares of Jacobs Engineering Group during the first quarter worth $32,000. Johnson Financial Group Inc. acquired a new stake in shares of Jacobs Engineering Group during the second quarter worth $34,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Jacobs Engineering Group during the second quarter worth $103,000. Institutional investors and hedge funds own 90.54% of the company’s stock.
A number of equities research analysts recently commented on the company. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Friday, August 16th. KeyCorp lifted their target price on Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Bank of America reiterated a “buy” rating and set a $98.00 target price on shares of Jacobs Engineering Group in a report on Thursday, August 22nd. Credit Suisse Group boosted their price target on Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Buy” and an average price target of $87.81.
NYSE JEC traded up $2.21 on Friday, hitting $91.85. 868,142 shares of the company’s stock were exchanged, compared to its average volume of 1,027,667. The stock has a 50-day moving average of $89.89 and a 200-day moving average of $82.42. The company has a current ratio of 1.36, a quick 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 $94.10. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.47 and a beta of 1.34.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company earned $1.35 EPS. Jacobs Engineering Group’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Jacobs Engineering Group Inc will post 4.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be issued a $0.17 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 0.74%. Jacobs Engineering Group’s payout ratio is 15.21%.
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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