FDx Advisors Inc. acquired a new stake in Jacobs Engineering Group Inc (NYSE:JEC) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,197 shares of the construction company’s stock, valued at approximately $398,000.

Other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. grew its stake in shares of Jacobs Engineering Group by 1.8% during the third quarter. Pictet Asset Management Ltd. now owns 72,664 shares of the construction company’s stock valued at $5,559,000 after acquiring an additional 1,300 shares in the last quarter. Korea Investment CORP grew its stake in shares of Jacobs Engineering Group by 361.0% during the third quarter. Korea Investment CORP now owns 125,400 shares of the construction company’s stock valued at $9,593,000 after acquiring an additional 98,200 shares in the last quarter. Shell Asset Management Co. grew its stake in shares of Jacobs Engineering Group by 15.1% during the third quarter. Shell Asset Management Co. now owns 33,233 shares of the construction company’s stock valued at $2,542,000 after acquiring an additional 4,370 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Jacobs Engineering Group during the third quarter valued at about $857,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Jacobs Engineering Group during the third quarter valued at about $219,000. 86.46% of the stock is currently owned by institutional investors.

Several analysts have recently weighed in on JEC shares. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. MKM Partners raised their target price on Jacobs Engineering Group to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Citigroup lowered their target price on Jacobs Engineering Group from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. Robert W. Baird restated a “buy” rating and set a $80.00 target price on shares of Jacobs Engineering Group in a research note on Wednesday, November 21st. Finally, Seaport Global Securities started coverage on Jacobs Engineering Group in a research note on Thursday, November 15th. They set a “buy” rating and a $91.00 target price for the company. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Jacobs Engineering Group presently has a consensus rating of “Buy” and a consensus price target of $83.92.

NYSE:JEC opened at $62.77 on Thursday. The stock has a market capitalization of $8.93 billion, a P/E ratio of 14.17, a PEG 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 debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 1.45.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, November 20th. The construction company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.07. The business 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%. The company’s revenue for the quarter was up 56.1% compared to the same quarter last year. During the same period last year, the firm earned $0.98 earnings per share. On average, analysts predict that Jacobs Engineering Group Inc will post 5.15 EPS for the current year.

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Jacobs Engineering Group Company 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.

See Also: Cash Flow

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

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