Oakbrook Investments LLC Has $298,000 Stake in Jacobs Engineering Group Inc. (NYSE:JEC)

Oakbrook Investments LLC cut its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 5.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,480 shares of the construction company’s stock after selling 320 shares during the period. Oakbrook Investments LLC’s holdings in Jacobs Engineering Group were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Jacobs Engineering Group by 3.9% in the first quarter. Vanguard Group Inc. now owns 11,786,134 shares of the construction company’s stock valued at $651,539,000 after buying an additional 446,045 shares during the period. Primecap Management Co. CA boosted its position in shares of Jacobs Engineering Group by 7.8% in the first quarter. Primecap Management Co. CA now owns 8,258,797 shares of the construction company’s stock valued at $456,546,000 after buying an additional 599,550 shares during the period. BlackRock Inc. boosted its position in shares of Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after buying an additional 7,638,632 shares during the period. 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 valued at $296,379,000 after buying an additional 192,007 shares during the period. Finally, FMR LLC boosted its position in shares of Jacobs Engineering Group by 1.8% in the first quarter. FMR LLC now owns 4,566,833 shares of the construction company’s stock valued at $252,455,000 after buying an additional 81,943 shares during the period. 87.41% of the stock is owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded up 3.46% during mid-day trading on Tuesday, reaching $54.12. 1,493,089 shares of the company traded hands. Jacobs Engineering Group Inc. has a 52 week low of $49.15 and a 52 week high of $63.42. The firm has a 50-day moving average price of $53.53 and a 200 day moving average price of $54.97. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 31.47 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.78 EPS. Jacobs Engineering Group’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio is presently 34.88%.

COPYRIGHT VIOLATION WARNING: “Oakbrook Investments LLC Has $298,000 Stake in Jacobs Engineering Group Inc. (NYSE:JEC)” was reported by BBNS and is the sole property of of BBNS. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/jacobs-engineering-group-inc-nysejec-shares-sold-by-oakbrook-investments-llc-updated/1312319.html.

JEC has been the subject of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and issued a $64.00 target price (up from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Citigroup Inc. cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a report on Thursday, August 3rd. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research note on Tuesday, April 11th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.17.

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)

Receive News & Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.