Global X Management Co LLC boosted its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 13.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,327 shares of the construction company’s stock after acquiring an additional 3,981 shares during the period. Global X Management Co LLC’s holdings in Jacobs Engineering Group were worth $2,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of JEC. Integrated Investment Consultants LLC acquired a new stake in Jacobs Engineering Group during the second quarter valued at approximately $102,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in Jacobs Engineering Group during the first quarter valued at approximately $118,000. Point72 Asia Hong Kong Ltd boosted its holdings in Jacobs Engineering Group by 2,423.3% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,271 shares of the construction company’s stock valued at $134,000 after purchasing an additional 2,181 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Jacobs Engineering Group by 88.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock valued at $136,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Rampart Investment Management Company LLC boosted its holdings in Jacobs Engineering Group by 73.5% during the first quarter. Rampart Investment Management Company LLC now owns 2,627 shares of the construction company’s stock valued at $155,000 after purchasing an additional 1,113 shares in the last quarter. Hedge funds and other institutional investors own 86.48% of the company’s stock.

A number of equities research analysts have weighed in on JEC shares. Bank of America lifted their price objective on Jacobs Engineering Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. UBS Group lifted their price objective on Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Citigroup lifted their price objective on Jacobs Engineering Group from $69.00 to $70.00 and gave the company a “$66.12” rating in a report on Monday, July 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a $74.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $82.00 price objective (up from $73.00) on shares of Jacobs Engineering Group in a report on Monday, August 6th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.85.

Shares of JEC opened at $77.61 on Monday. The company has a market capitalization of $11.01 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 1.36 and a beta of 1.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 1.45. Jacobs Engineering Group Inc has a one year low of $55.21 and a one year high of $77.91.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Monday, August 6th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.21 by $0.14. The business had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4 billion. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. Jacobs Engineering Group’s revenue was up 65.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. sell-side analysts expect that Jacobs Engineering Group Inc will post 4.38 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, September 28th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, September 27th. Jacobs Engineering Group’s payout ratio is currently 18.52%.

About Jacobs Engineering Group

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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