Jacobs Engineering Group Inc. (JEC) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. grew its holdings in Jacobs Engineering Group Inc. (NYSE:JEC) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,145 shares of the construction company’s stock after purchasing an additional 121 shares during the quarter. Scotia Capital Inc.’s holdings in Jacobs Engineering Group were worth $1,313,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of JEC. BlackRock Inc. grew its position in shares of Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after purchasing an additional 7,638,632 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Jacobs Engineering Group by 373.8% in the second quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock valued at $129,336,000 after purchasing an additional 1,876,081 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Jacobs Engineering Group by 50.2% in the first quarter. AQR Capital Management LLC now owns 2,653,141 shares of the construction company’s stock valued at $146,665,000 after purchasing an additional 886,230 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Jacobs Engineering Group by 26.2% in the second quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock valued at $137,479,000 after purchasing an additional 524,310 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Jacobs Engineering Group by 74.2% in the second quarter. APG Asset Management N.V. now owns 1,180,959 shares of the construction company’s stock valued at $64,232,000 after purchasing an additional 503,200 shares during the last quarter. 86.18% of the stock is currently owned by institutional investors.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue was down 6.6% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Jacobs Engineering Group’s payout ratio is presently 31.75%.

Several research firms recently weighed in on JEC. Robert W. Baird reiterated a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a research note on Friday, October 6th. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. KeyCorp reiterated a “buy” rating and issued a $60.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 25th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $61.75.

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About Jacobs Engineering Group

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.

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

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