Macquarie Group Ltd. held its position in Jacobs Engineering Group Inc. (NYSE:JEC) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,630 shares of the construction company’s stock at the close of the second quarter. Macquarie Group Ltd.’s holdings in Jacobs Engineering Group were worth $198,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of JEC. Advisor Group Inc. increased its position in Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after purchasing an additional 339 shares during the period. First Manhattan Co. increased its position in Jacobs Engineering Group by 1,013.6% during the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock valued at $129,000 after purchasing an additional 2,169 shares during the period. Bridgewater Associates LP purchased a new position in Jacobs Engineering Group during the 2nd quarter valued at about $207,000. GSA Capital Partners LLP purchased a new position in Jacobs Engineering Group during the 2nd quarter valued at about $225,000. Finally, 1ST Source Bank increased its position in Jacobs Engineering Group by 9.0% during the 2nd quarter. 1ST Source Bank now owns 4,513 shares of the construction company’s stock valued at $245,000 after purchasing an additional 373 shares during the period. 85.82% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have commented on JEC. Jefferies Group LLC reissued a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 4th. KeyCorp reissued a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 25th. BidaskClub downgraded shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. set a $64.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus target price of $62.56.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share.

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