Colony Group LLC trimmed its position in Jacobs Engineering Group Inc (NYSE:JEC) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,294 shares of the construction company’s stock after selling 5,646 shares during the quarter. Colony Group LLC owned 0.16% of Jacobs Engineering Group worth $11,147,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JEC. Louisiana State Employees Retirement System raised its holdings in shares of Jacobs Engineering Group by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the construction company’s stock worth $408,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Jacobs Engineering Group by 30.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 180,972 shares of the construction company’s stock worth $9,845,000 after purchasing an additional 42,467 shares during the period. NGAM Advisors L.P. raised its holdings in shares of Jacobs Engineering Group by 4.1% in the 2nd quarter. NGAM Advisors L.P. now owns 24,726 shares of the construction company’s stock worth $1,345,000 after purchasing an additional 973 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Jacobs Engineering Group by 34.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 17,514 shares of the construction company’s stock worth $953,000 after purchasing an additional 4,466 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in shares of Jacobs Engineering Group by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock worth $650,000 after purchasing an additional 34 shares during the period. Institutional investors own 85.14% of the company’s stock.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.74% of the stock is currently owned by company insiders.

Jacobs Engineering Group Inc (NYSE:JEC) traded down $0.13 during mid-day trading on Tuesday, hitting $68.38. The stock had a trading volume of 731,600 shares, compared to its average volume of 823,271. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $68.97. The firm has a market capitalization of $8,256.92, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.49 and a beta of 1.56.

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

JEC has been the topic of a number of research reports. Robert W. Baird restated a “hold” rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Citigroup set a $64.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Jacobs Engineering Group has a consensus rating of “Hold” and a consensus price target of $67.44.

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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)

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