Commonwealth Equity Services LLC Increases Stock Position in Jacobs Engineering Group Inc (NYSE:JEC)

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Commonwealth Equity Services LLC boosted its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 60.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,891 shares of the construction company’s stock after acquiring an additional 10,125 shares during the period. Commonwealth Equity Services LLC’s holdings in Jacobs Engineering Group were worth $2,460,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Jacobs Engineering Group by 5.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,276,187 shares of the construction company’s stock valued at $445,258,000 after acquiring an additional 277,316 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Jacobs Engineering Group by 178.8% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,914,838 shares of the construction company’s stock valued at $161,593,000 after buying an additional 1,228,046 shares during the last quarter. Investec Asset Management LTD raised its holdings in shares of Jacobs Engineering Group by 1.5% in the second quarter. Investec Asset Management LTD now owns 1,706,150 shares of the construction company’s stock valued at $143,982,000 after buying an additional 25,787 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Jacobs Engineering Group by 7.5% in the second quarter. Northern Trust Corp now owns 1,419,038 shares of the construction company’s stock valued at $119,753,000 after buying an additional 98,628 shares during the last quarter. Finally, Suvretta Capital Management LLC purchased a new stake in shares of Jacobs Engineering Group in the second quarter valued at about $112,951,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Jacobs Engineering Group stock opened at $94.60 on Friday. Jacobs Engineering Group Inc has a 52-week low of $55.17 and a 52-week high of $98.08. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $92.40 and its 200-day simple moving average is $84.96. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36.

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, October 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.72%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 15.21%.

JEC has been the subject of a number of research reports. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, August 16th. Bank of America reaffirmed a “buy” rating and issued a $98.00 target price on shares of Jacobs Engineering Group in a report on Thursday, August 22nd. DA Davidson upped their target price on shares of Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Credit Suisse Group upped their target price on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $88.89.

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: Understanding Market Liquidity

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

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