Employees Retirement System of Texas raised its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 11.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,900 shares of the construction company’s stock after acquiring an additional 11,000 shares during the period. Employees Retirement System of Texas owned about 0.09% of Jacobs Engineering Group worth $5,760,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Swiss National Bank lifted its stake in Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock valued at $23,988,000 after acquiring an additional 12,500 shares in the last quarter. Legal & General Group Plc lifted its stake in Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock valued at $38,928,000 after acquiring an additional 40,249 shares in the last quarter. Greenwood Capital Associates LLC lifted its stake in Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock valued at $427,000 after acquiring an additional 470 shares in the last quarter. Prudential Financial Inc. lifted its stake in Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock valued at $17,476,000 after acquiring an additional 122,362 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Jacobs Engineering Group by 2,990.4% during the 1st quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after acquiring an additional 7,638,632 shares in the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

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Several equities analysts have weighed in on the company. BidaskClub cut Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research report on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $61.88.

Shares of Jacobs Engineering Group Inc. (JEC) opened at 58.57 on Thursday. Jacobs Engineering Group Inc. has a 12 month low of $49.16 and a 12 month high of $63.42. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 31.15 and a beta of 1.53. The stock’s 50 day moving average price is $55.00 and its 200 day moving average price is $54.06.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting analysts’ consensus estimates of $0.79. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. Jacobs Engineering Group’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.78 earnings per share. Analysts expect that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

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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