Bluestein R H & Co. Sells 3,700 Shares of Jacobs Engineering Group Inc (JEC)

Bluestein R H & Co. lowered its position in Jacobs Engineering Group Inc (NYSE:JEC) by 47.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,020 shares of the construction company’s stock after selling 3,700 shares during the quarter. Bluestein R H & Co.’s holdings in Jacobs Engineering Group were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Securian Asset Management Inc increased its stake in shares of Jacobs Engineering Group by 1.5% in the fourth quarter. Securian Asset Management Inc now owns 12,022 shares of the construction company’s stock valued at $703,000 after buying an additional 177 shares during the period. ETF Managers Group LLC increased its position in Jacobs Engineering Group by 8.1% during the 1st quarter. ETF Managers Group LLC now owns 2,431 shares of the construction company’s stock valued at $183,000 after purchasing an additional 182 shares during the period. Sandy Spring Bank increased its position in Jacobs Engineering Group by 100.0% during the 1st quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock valued at $30,000 after purchasing an additional 200 shares during the period. Seelaus Asset Management LLC increased its position in Jacobs Engineering Group by 1.4% during the 1st quarter. Seelaus Asset Management LLC now owns 14,337 shares of the construction company’s stock valued at $1,078,000 after purchasing an additional 200 shares during the period. Finally, Suntrust Banks Inc. increased its position in Jacobs Engineering Group by 4.6% during the 4th quarter. Suntrust Banks Inc. now owns 4,616 shares of the construction company’s stock valued at $270,000 after purchasing an additional 203 shares during the period. 88.57% of the stock is owned by institutional investors.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.45, for a total transaction of $764,500.00. Following the transaction, the director now directly owns 35,302 shares in the company, valued at approximately $2,698,837.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Terence D. Hagen sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $72.50, for a total value of $507,500.00. Following the transaction, the chief operating officer now owns 62,775 shares in the company, valued at $4,551,187.50. The disclosure for this sale can be found here. Insiders have sold a total of 46,774 shares of company stock worth $3,452,856 over the last 90 days. Company insiders own 0.92% of the company’s stock.

Jacobs Engineering Group stock opened at $77.50 on Friday. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.60 and a beta of 1.44. Jacobs Engineering Group Inc has a 52-week low of $55.17 and a 52-week high of $82.24. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.51.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Jacobs Engineering Group had a return on equity of 11.16% and a net margin of 2.13%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. As a group, sell-side analysts forecast that Jacobs Engineering Group Inc will post 4.69 EPS for the current year.

Jacobs Engineering Group declared that its Board of Directors has initiated a share repurchase program on Thursday, January 17th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 11.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, May 16th. Jacobs Engineering Group’s payout ratio is 15.21%.

A number of analysts have weighed in on the stock. Robert W. Baird set a $83.00 target price on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research report on Wednesday, February 20th. Zacks Investment Research downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Cowen reissued a “buy” rating and set a $92.00 target price on shares of Jacobs Engineering Group in a research report on Wednesday, April 24th. MKM Partners set a $87.00 target price on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Seaport Global Securities reissued a “buy” rating and set a $86.00 target price on shares of Jacobs Engineering Group in a research report on Wednesday, February 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $84.55.

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About Jacobs Engineering Group

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.

Further Reading: Fundamental Analysis and Individual Investors

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

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