Duality Advisers LP Takes Position in Jacobs Engineering (NYSE:J)

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Duality Advisers LP purchased a new stake in Jacobs Engineering (NYSE:J) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,138 shares of the company’s stock, valued at approximately $1,623,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New England Research & Management Inc. purchased a new stake in Jacobs Engineering during the 1st quarter valued at $428,000. AXA purchased a new stake in shares of Jacobs Engineering in the first quarter valued at $4,883,000. Royal Bank of Canada bought a new stake in shares of Jacobs Engineering in the 1st quarter worth about $72,916,000. State Street Corp bought a new stake in shares of Jacobs Engineering in the 1st quarter worth about $723,368,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in shares of Jacobs Engineering during the 1st quarter worth about $7,790,000. Institutional investors own 88.87% of the company’s stock.

Shares of J stock opened at $85.35 on Friday. The business has a fifty day moving average of $83.28 and a 200 day moving average of $85.51. Jacobs Engineering has a 1 year low of $59.29 and a 1 year high of $104.00. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $11.10 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96.

Jacobs Engineering (NYSE:J) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.13. Jacobs Engineering had a net margin of 6.23% and a return on equity of 12.61%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts expect that Jacobs Engineering will post 4.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, July 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.89%. Jacobs Engineering’s payout ratio is 15.05%.

A number of analysts have recently issued reports on the stock. Credit Suisse Group reissued a “buy” rating and set a $100.00 target price on shares of Jacobs Engineering in a research note on Wednesday. Barclays reissued a “buy” rating and issued a $100.00 price objective on shares of Jacobs Engineering in a research report on Thursday, April 16th. Zacks Investment Research downgraded shares of Jacobs Engineering from a “hold” rating to a “sell” rating and set a $89.00 target price on the stock. in a research note on Tuesday, July 7th. Argus decreased their price target on shares of Jacobs Engineering from $116.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Finally, Stifel Nicolaus dropped their price objective on Jacobs Engineering from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $99.80.

In other Jacobs Engineering news, Director Linda Fayne Levinson sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $80.19, for a total value of $80,190.00. Following the completion of the transaction, the director now directly owns 57,888 shares of the company’s stock, valued at $4,642,038.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

About Jacobs Engineering

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Critical Mission Solutions, and People and Places Solutions.

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Institutional Ownership by Quarter for Jacobs Engineering (NYSE:J)

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