Iat Reinsurance Co. LTD. lessened its holdings in Jacobs Engineering Group Inc. (NYSE:JEC) by 56.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,000 shares of the construction company’s stock after selling 48,000 shares during the period. Iat Reinsurance Co. LTD.’s holdings in Jacobs Engineering Group were worth $2,156,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bingham Osborn & Scarborough LLC increased its holdings in Jacobs Engineering Group by 0.3% in the 2nd quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock worth $306,000 after acquiring an additional 17 shares in the last quarter. CIBC Asset Management Inc increased its holdings in 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 acquiring an additional 34 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in Jacobs Engineering Group by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 13,488 shares of the construction company’s stock worth $733,000 after acquiring an additional 75 shares in the last quarter. Seaward Management Limited Partnership increased its holdings in Jacobs Engineering Group by 1.3% in the 2nd quarter. Seaward Management Limited Partnership now owns 6,429 shares of the construction company’s stock worth $349,000 after acquiring an additional 84 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in 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 acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.

Several equities research analysts recently issued reports on JEC shares. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a report on Tuesday, October 17th. Citigroup Inc. set a $64.00 target price on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. KeyCorp reissued a “buy” rating and issued a $60.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 25th. Robert W. Baird reissued a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a report on Friday, October 6th. Finally, BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Jacobs Engineering Group presently has an average rating of “Hold” and an average target price of $62.56.

Shares of Jacobs Engineering Group Inc. (JEC) traded down $0.21 on Tuesday, reaching $59.82. 503,300 shares of the company’s stock were exchanged, compared to its average volume of 817,741. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. Jacobs Engineering Group Inc. has a twelve month low of $49.31 and a twelve month high of $63.42. The stock has a market cap of $7,222.52, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.72 and a beta of 1.51.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 31.75%.

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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.

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

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