Ameritas Investment Partners Inc. maintained its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,903 shares of the construction company’s stock at the end of the second quarter. Ameritas Investment Partners Inc.’s holdings in Jacobs Engineering Group were worth $158,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Jacobs Engineering Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after acquiring an additional 150,333 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Jacobs Engineering Group by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,171,451 shares of the construction company’s stock worth $172,489,000 after buying an additional 20,995 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Jacobs Engineering Group by 26.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock worth $137,479,000 after buying an additional 524,310 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Jacobs Engineering Group by 373.8% during the 2nd quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock worth $129,336,000 after buying an additional 1,876,081 shares in the last quarter. Finally, FIL Ltd raised its holdings in shares of Jacobs Engineering Group by 7.8% during the 2nd quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock worth $121,786,000 after buying an additional 162,167 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at $59.29 on Friday. The company has a market capitalization of $7.07 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.69 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.60 and a quick ratio of 1.60.

Jacobs Engineering Group (NYSE:JEC) last announced its 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. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. analysts anticipate that Jacobs Engineering Group Inc. will post 3.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be paid a $0.15 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. Jacobs Engineering Group’s payout ratio is 31.75%.

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A number of equities analysts have recently commented on JEC shares. KeyCorp reissued a “buy” rating and set a $60.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 25th. Citigroup Inc set a $64.00 target price on Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and issued a $63.00 price target on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $62.56.

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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