Janney Montgomery Scott LLC increased its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 21.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 6,207 shares of the company’s stock after buying an additional 1,117 shares during the period. Janney Montgomery Scott LLC’s holdings in Jacobs Engineering Group were worth $260,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Integrated Investment Consultants LLC boosted its stake in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock worth $102,000 after buying an additional 42 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Jacobs Engineering Group by 0.3% in the second quarter. Suntrust Banks Inc. now owns 19,544 shares of the company’s stock worth $972,000 after buying an additional 63 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in shares of Jacobs Engineering Group by 0.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 11,835 shares of the company’s stock worth $515,000 after buying an additional 64 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Jacobs Engineering Group by 0.3% in the first quarter. LPL Financial LLC now owns 25,460 shares of the company’s stock worth $1,080,000 after buying an additional 64 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Jacobs Engineering Group by 0.6% in the second quarter. World Asset Management Inc now owns 11,383 shares of the company’s stock worth $567,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 87.59% of the company’s stock.

Jacobs Engineering Group Inc. (NYSE:JEC) traded down 0.94% during midday trading on Friday, reaching $49.67. The company had a trading volume of 736,371 shares. The company has a market cap of $6.03 billion, a PE ratio of 28.79 and a beta of 1.69. The company’s 50-day moving average is $53.30 and its 200 day moving average is $48.64. Jacobs Engineering Group Inc. has a 52-week low of $34.76 and a 52-week high of $55.89.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, August 9th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. Jacobs Engineering Group had a return on equity of 8.58% and a net margin of 1.84%. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. On average, equities research analysts forecast that Jacobs Engineering Group Inc. will post $3.08 EPS for the current year.

JEC has been the topic of several research reports. Credit Suisse Group AG reiterated a “buy” rating on shares of Jacobs Engineering Group in a research report on Saturday, June 4th. Johnson Rice cut Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research note on Thursday, August 11th. MKM Partners started coverage on Jacobs Engineering Group in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $49.00 price target on the stock. Bank of America Corp. reissued a “hold” rating on shares of Jacobs Engineering Group in a research note on Tuesday, May 24th. Finally, FBR & Co lifted their price target on Jacobs Engineering Group from $47.00 to $55.00 and gave the stock a “mkt perform” rating in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Hold” and an average price target of $48.52.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,666 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $49.28, for a total value of $3,285,300.48. Following the transaction, the director now owns 770,003 shares of the company’s stock, valued at $37,945,747.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Terence D. Hagen sold 18,639 shares of the stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $54.73, for a total value of $1,020,112.47. Following the completion of the transaction, the insider now directly owns 27,022 shares in the company, valued at approximately $1,478,914.06. The disclosure for this sale can be found here. 3.16% of the stock is owned by company insiders.

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.

5 Day Chart for NYSE:JEC

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