Thrivent Financial For Lutherans increased its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 675.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,660 shares of the construction company’s stock after purchasing an additional 32,804 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Jacobs Engineering Group were worth $2,484,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its position in Jacobs Engineering Group by 134.1% during the 4th quarter. Renaissance Technologies LLC now owns 330,100 shares of the construction company’s stock worth $21,773,000 after purchasing an additional 189,100 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Jacobs Engineering Group by 1,509.3% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 234,100 shares of the construction company’s stock worth $15,441,000 after purchasing an additional 219,553 shares in the last quarter. Invictus RG increased its position in Jacobs Engineering Group by 403.0% in the 4th quarter. Invictus RG now owns 5,443 shares of the construction company’s stock valued at $359,000 after acquiring an additional 4,361 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in Jacobs Engineering Group in the 4th quarter valued at approximately $18,841,000. Finally, Alliancebernstein L.P. increased its position in Jacobs Engineering Group by 18.0% in the 4th quarter. Alliancebernstein L.P. now owns 312,162 shares of the construction company’s stock valued at $20,590,000 after acquiring an additional 47,708 shares during the period. Institutional investors and hedge funds own 82.19% of the company’s stock.
Shares of Jacobs Engineering Group Inc (NYSE JEC) opened at $59.91 on Tuesday. Jacobs Engineering Group Inc has a 12-month low of $49.31 and a 12-month high of $72.18. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $8,634.87, a price-to-earnings ratio of 18.36, a PEG ratio of 1.14 and a beta of 1.54.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the company posted $0.68 earnings per share. Jacobs Engineering Group’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts anticipate that Jacobs Engineering Group Inc will post 4.01 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 30.77%.
Several equities analysts have issued reports on JEC shares. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Credit Suisse Group restated an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. Bank of America upped their price target on shares of Jacobs Engineering Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, Robert W. Baird restated a “hold” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $74.00.
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.
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