Marshall Wace North America L.P. Sells 253,974 Shares of Jacobs Engineering Group Inc (JEC)

Marshall Wace North America L.P. lowered its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 54.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 214,591 shares of the construction company’s stock after selling 253,974 shares during the quarter. Marshall Wace North America L.P.’s holdings in Jacobs Engineering Group were worth $16,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings 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 buying an additional 720 shares during the last quarter. Brown Advisory Securities LLC increased its holdings in Jacobs Engineering Group by 7.8% in the third quarter. Brown Advisory Securities LLC now owns 10,382 shares of the construction company’s stock valued at $795,000 after buying an additional 748 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in Jacobs Engineering Group by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 50,548 shares of the construction company’s stock valued at $3,209,000 after buying an additional 756 shares during the last quarter. Commerce Bank increased its holdings in Jacobs Engineering Group by 8.4% in the third quarter. Commerce Bank now owns 9,871 shares of the construction company’s stock valued at $755,000 after buying an additional 766 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Jacobs Engineering Group by 1.3% in the second quarter. PNC Financial Services Group Inc. now owns 62,321 shares of the construction company’s stock valued at $3,957,000 after buying an additional 783 shares during the last quarter. 86.46% of the stock is currently owned by institutional investors and hedge funds.

NYSE JEC opened at $59.78 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 1.45. Jacobs Engineering Group Inc has a 1 year low of $55.21 and a 1 year high of $82.24. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 1.23 and a beta of 1.40.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.40%. The company had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Jacobs Engineering Group’s revenue for the quarter was up 56.1% on a year-over-year basis. On average, sell-side analysts anticipate that Jacobs Engineering Group Inc will post 5.15 EPS for the current fiscal year.

JEC has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Jacobs Engineering Group from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 23rd. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Seaport Global Securities initiated coverage on Jacobs Engineering Group in a report on Thursday, November 15th. They issued a “buy” rating and a $91.00 target price on the stock. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Finally, Credit Suisse Group dropped their target price on Jacobs Engineering Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.92.

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Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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