Signaturefd LLC Boosts Position in Jacobs Engineering Group Inc. (JEC)

Signaturefd LLC boosted its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 14.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,078 shares of the construction company’s stock after buying an additional 512 shares during the period. Signaturefd LLC’s holdings in Jacobs Engineering Group were worth $225,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Global X Management Co. LLC increased its stake in shares of Jacobs Engineering Group by 204.2% in the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock worth $112,000 after buying an additional 1,364 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Jacobs Engineering Group during the first quarter worth approximately $160,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock worth $167,000 after buying an additional 158 shares during the period. Invictus RG bought a new stake in shares of Jacobs Engineering Group during the first quarter worth approximately $178,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock valued at $199,000 after buying an additional 25 shares during the period. 86.70% of the stock is owned by hedge funds and other institutional investors.

Shares of Jacobs Engineering Group Inc. (NYSE JEC) traded up 1.20% during mid-day trading on Friday, hitting $54.82. 669,566 shares of the company were exchanged. Jacobs Engineering Group Inc. has a 12-month low of $48.13 and a 12-month high of $63.42. The company’s 50-day moving average price is $53.19 and its 200-day moving average price is $55.80. The firm has a market capitalization of $6.60 billion, a P/E ratio of 31.87 and a beta of 1.53.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07. The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.63 billion. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The company’s revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. Equities research analysts predict that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.09%. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 34.88%.

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JEC has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Tuesday, April 11th. BidaskClub raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Credit Suisse Group reissued a “buy” rating and set a $69.00 target price on shares of Jacobs Engineering Group in a research report on Friday, April 21st. Finally, Robert W. Baird reissued a “neutral” rating and set a $64.00 target price (up from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $61.11.

Jacobs Engineering Group Company Profile

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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