Bridgewater Associates LP lessened its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 70.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,603 shares of the construction company’s stock after selling 8,765 shares during the period. Bridgewater Associates LP’s holdings in Jacobs Engineering Group were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Madison Investment Holdings Inc. boosted its position in shares of Jacobs Engineering Group by 17.1% in the second quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock worth $81,527,000 after buying an additional 187,572 shares during the period. First American Trust FSB boosted its position in shares of Jacobs Engineering Group by 7.2% in the third quarter. First American Trust FSB now owns 42,370 shares of the construction company’s stock worth $3,241,000 after buying an additional 2,855 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Jacobs Engineering Group in the second quarter worth about $1,323,000. Ruggie Capital Group purchased a new stake in shares of Jacobs Engineering Group in the second quarter worth about $241,000. Finally, Bank of Nova Scotia boosted its position in shares of Jacobs Engineering Group by 7.9% in the second quarter. Bank of Nova Scotia now owns 13,107 shares of the construction company’s stock worth $832,000 after buying an additional 961 shares during the period. 86.46% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 22nd. Credit Suisse Group decreased their target price on Jacobs Engineering Group from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Wednesday, November 21st. Citigroup decreased their target price on Jacobs Engineering Group from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. MKM Partners decreased their target price on Jacobs Engineering Group from $84.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $80.00 target price on shares of Jacobs Engineering Group in a research report on Wednesday, November 21st. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $83.92.

Shares of JEC opened at $60.92 on Friday. The stock has a market capitalization of $8.93 billion, a P/E ratio of 13.63, a price-to-earnings-growth ratio of 1.27 and a beta of 1.40. Jacobs Engineering Group Inc has a one year low of $55.21 and a one year high of $82.24. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.36.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, November 20th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.27 billion. Jacobs Engineering Group had a return on equity of 10.40% and a net margin of 1.19%. Jacobs Engineering Group’s revenue for the quarter was up 56.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, research analysts anticipate that Jacobs Engineering Group Inc will post 5.15 EPS for the current year.

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Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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