Jacobs Engineering Group Inc. (JEC) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 54,543 shares of the construction company’s stock after buying an additional 1,446 shares during the period. Calamos Advisors LLC’s holdings in Jacobs Engineering Group were worth $2,967,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in JEC. Nationwide Fund Advisors grew its stake in Jacobs Engineering Group by 4.1% in the 1st quarter. Nationwide Fund Advisors now owns 43,082 shares of the construction company’s stock valued at $2,382,000 after buying an additional 1,700 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Jacobs Engineering Group by 110.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,048 shares of the construction company’s stock valued at $721,000 after buying an additional 6,836 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Jacobs Engineering Group by 84.9% in the 1st quarter. Russell Investments Group Ltd. now owns 138,505 shares of the construction company’s stock valued at $7,657,000 after buying an additional 63,595 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in Jacobs Engineering Group by 14.2% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,444 shares of the construction company’s stock valued at $577,000 after buying an additional 1,297 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Jacobs Engineering Group by 3.6% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,432 shares of the construction company’s stock valued at $1,074,000 after buying an additional 674 shares during the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 57.54 on Friday. Jacobs Engineering Group Inc. has a one year low of $49.15 and a one year high of $63.42. The company has a market cap of $6.92 billion, a P/E ratio of 30.61 and a beta of 1.52. The stock’s 50 day moving average is $53.34 and its 200-day moving average is $53.88.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. Jacobs Engineering Group’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.78 earnings per share. Equities research analysts forecast that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.04%. Jacobs Engineering Group’s dividend payout ratio is currently 31.75%.

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JEC has been the topic of a number of research reports. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Citigroup Inc. downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, KeyCorp reissued a “buy” rating and issued a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.89.

About Jacobs Engineering Group

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

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

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