Alpine Woods Capital Investors LLC held its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,700 shares of the construction company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Jacobs Engineering Group were worth $1,235,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JEC. Macquarie Group Ltd. increased its stake in shares of Jacobs Engineering Group by 33.3% in the fourth quarter. Macquarie Group Ltd. now owns 12,400 shares of the construction company’s stock valued at $707,000 after buying an additional 3,100 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Jacobs Engineering Group by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 104,370 shares of the construction company’s stock valued at $5,770,000 after buying an additional 3,469 shares in the last quarter. Creative Planning increased its stake in shares of Jacobs Engineering Group by 96.2% in the first quarter. Creative Planning now owns 17,888 shares of the construction company’s stock valued at $989,000 after buying an additional 8,769 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in shares of Jacobs Engineering Group by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 38,501 shares of the construction company’s stock valued at $2,128,000 after buying an additional 400 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Jacobs Engineering Group during the first quarter valued at $293,000. 87.94% of the stock is owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at 51.57 on Wednesday. The company’s 50 day moving average price is $53.45 and its 200-day moving average price is $54.60. Jacobs Engineering Group Inc. has a 12-month low of $49.15 and a 12-month high of $63.42. The firm has a market cap of $6.20 billion, a P/E ratio of 27.43 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. On average, equities research analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.

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Several equities research analysts have weighed in on JEC shares. Credit Suisse Group reissued a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a report on Friday, April 21st. Robert W. Baird reissued a “neutral” rating and issued a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. BidaskClub raised Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $62.30.

Jacobs Engineering Group Company 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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