Jacobs Engineering Group Inc (NYSE:JEC) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,379 shares of the construction company’s stock after acquiring an additional 1,106 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Jacobs Engineering Group were worth $2,579,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Jacobs Engineering Group by 29.9% during the 3rd quarter. Pacer Advisors Inc. now owns 14,543 shares of the construction company’s stock valued at $1,331,000 after purchasing an additional 3,351 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Jacobs Engineering Group by 10.1% in the 3rd quarter. Wealthfront Advisers LLC now owns 2,899 shares of the construction company’s stock worth $265,000 after acquiring an additional 265 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Jacobs Engineering Group by 2.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,462 shares of the construction company’s stock worth $774,000 after acquiring an additional 231 shares in the last quarter. Signaturefd LLC raised its position in shares of Jacobs Engineering Group by 68.2% in the 3rd quarter. Signaturefd LLC now owns 439 shares of the construction company’s stock worth $40,000 after acquiring an additional 178 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its position in shares of Jacobs Engineering Group by 10.8% in the 3rd quarter. CHURCHILL MANAGEMENT Corp now owns 101,572 shares of the construction company’s stock worth $9,294,000 after acquiring an additional 9,918 shares in the last quarter. Institutional investors own 90.63% of the company’s stock.

Shares of JEC stock opened at $100.66 on Friday. Jacobs Engineering Group Inc has a 1-year low of $55.17 and a 1-year high of $98.08. The stock’s fifty day moving average price is $93.33 and its 200 day moving average price is $90.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.31 and a beta of 1.35.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Monday, November 25th. The construction company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.16. Jacobs Engineering Group had a return on equity of 11.42% and a net margin of 6.66%. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.29 billion. During the same period in the previous year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities research analysts anticipate that Jacobs Engineering Group Inc will post 5.73 earnings per share for the current year.

Several research analysts have recently commented on the company. Bank of America boosted their price target on Jacobs Engineering Group from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Cowen assumed coverage on Jacobs Engineering Group in a research report on Tuesday, November 26th. They issued a “buy” rating and a $97.00 price target for the company. ValuEngine lowered Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd. DA Davidson boosted their price target on Jacobs Engineering Group from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. They noted that the move was a valuation call. Finally, KeyCorp boosted their price target on Jacobs Engineering Group from $90.00 to $103.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $93.14.

Jacobs Engineering Group Company Profile

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.

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

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