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

Signaturefd LLC boosted its position 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 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.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Jacobs Engineering Group by 3.7% in the first quarter. State Street Corp now owns 5,361,210 shares of the construction company’s stock worth $296,379,000 after buying an additional 192,007 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Jacobs Engineering Group by 6.3% in the first quarter. Bank of America Corp DE now owns 1,374,272 shares of the construction company’s stock worth $75,970,000 after buying an additional 81,791 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Jacobs Engineering Group during the first quarter worth $570,000. Edmond DE Rothschild Holding S.A. boosted its position in shares of Jacobs Engineering Group by 17.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,407 shares of the construction company’s stock worth $299,000 after buying an additional 800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Jacobs Engineering Group by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 593,006 shares of the construction company’s stock worth $32,782,000 after buying an additional 47,790 shares in the last quarter. Institutional investors and hedge funds own 86.70% of the company’s stock.

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

Jacobs Engineering Group Inc. (JEC) traded up 0.71% during mid-day trading on Monday, reaching $54.20. The company had a trading volume of 1,124,342 shares. Jacobs Engineering Group Inc. has a 12 month low of $47.14 and a 12 month high of $63.42. The firm has a market capitalization of $6.53 billion, a P/E ratio of 31.51 and a beta of 1.55. The stock’s 50-day moving average is $53.57 and its 200 day moving average is $56.30.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates 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 for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, analysts predict that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, May 17th. Jacobs Engineering Group’s payout ratio is 34.88%.

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A number of research analysts have recently weighed in on the company. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Robert W. Baird restated a “neutral” rating and issued a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. Credit Suisse Group restated a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research report on Friday, April 21st. Finally, Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target 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.

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