Amica Mutual Insurance Co. bought a new position in shares of Jacobs Engineering Group Inc (NYSE:JEC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,849 shares of the construction company’s stock, valued at approximately $341,000.

A number of other hedge funds also recently made changes to their positions in JEC. Advisor Group Inc. raised its holdings in Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after buying an additional 339 shares during the period. Whittier Trust Co. grew its stake in shares of Jacobs Engineering Group by 141.2% during the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after acquiring an additional 1,200 shares in the last quarter. First Manhattan Co. grew its stake in shares of Jacobs Engineering Group by 1,013.6% during the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after acquiring an additional 2,169 shares in the last quarter. Jarislowsky Fraser Ltd bought a new position in shares of Jacobs Engineering Group during the 3rd quarter worth approximately $186,000. Finally, Palisade Capital Management LLC NJ bought a new position in shares of Jacobs Engineering Group during the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.

Jacobs Engineering Group Inc (NYSE JEC) opened at $63.29 on Friday. Jacobs Engineering Group Inc has a 52 week low of $49.31 and a 52 week high of $65.80. The company has a quick ratio of 1.60, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm has a market cap of $7,624.29, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.39 and a beta of 1.51.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the business earned $0.77 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. research analysts anticipate that Jacobs Engineering Group Inc will post 3.44 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 24.69%.

Several equities analysts have recently weighed in on JEC shares. Robert W. Baird reaffirmed a “hold” rating and set a $63.00 price target on shares of Jacobs Engineering Group in a research note on Friday, October 6th. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Citigroup Inc. cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $67.57.

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Jacobs Engineering Group 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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