Country Club Trust Company n.a. lowered its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,105 shares of the construction company’s stock after selling 1,002 shares during the period. Country Club Trust Company n.a.’s holdings in Jacobs Engineering Group were worth $4,294,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Jacobs Engineering Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 935,702 shares of the construction company’s stock worth $71,581,000 after buying an additional 10,632 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in Jacobs Engineering Group by 1.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 72,664 shares of the construction company’s stock worth $5,559,000 after buying an additional 1,300 shares in the last quarter. United Services Automobile Association grew its stake in Jacobs Engineering Group by 1.4% in the 3rd quarter. United Services Automobile Association now owns 79,400 shares of the construction company’s stock worth $6,074,000 after buying an additional 1,074 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Jacobs Engineering Group in the 3rd quarter worth approximately $2,787,000. Finally, LPL Financial LLC grew its stake in Jacobs Engineering Group by 14.3% in the 3rd quarter. LPL Financial LLC now owns 16,753 shares of the construction company’s stock worth $1,282,000 after buying an additional 2,100 shares in the last quarter. 88.93% of the stock is owned by institutional investors.

NYSE:JEC traded down $0.09 during midday trading on Wednesday, reaching $75.48. 66,620 shares of the stock traded hands, compared to its average volume of 1,316,401. Jacobs Engineering Group Inc has a 12 month low of $55.17 and a 12 month high of $82.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10.55 billion, a P/E ratio of 16.89, a P/E/G ratio of 1.44 and a beta of 1.45.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 6th. The construction company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.09. Jacobs Engineering Group had a net margin of 1.96% and a return on equity of 10.57%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period in the prior year, the business posted $0.77 EPS. The firm’s revenue was up 72.9% compared to the same quarter last year. As a group, analysts anticipate that Jacobs Engineering Group Inc will post 5.32 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 15th were issued a dividend of $0.17 per share. This is a positive change from Jacobs Engineering Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, February 14th. Jacobs Engineering Group’s dividend payout ratio is currently 15.21%.

Jacobs Engineering Group declared that its Board of Directors has initiated a share buyback plan on Thursday, January 17th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the construction company to purchase up to 11.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

A number of equities analysts have commented on the stock. Zacks Investment Research cut shares of Jacobs Engineering Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday. MKM Partners set a $87.00 price target on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research note on Tuesday, March 19th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Barclays set a $85.00 price target on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research note on Tuesday, February 19th. Finally, Cowen set a $82.00 price target on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $82.34.

In other Jacobs Engineering Group news, SVP Michael R. Tyler sold 656 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $76.22, for a total transaction of $50,000.32. Following the transaction, the senior vice president now directly owns 26,494 shares of the company’s stock, valued at approximately $2,019,372.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Terence D. Hagen sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $72.50, for a total transaction of $507,500.00. Following the transaction, the chief operating officer now directly owns 62,775 shares in the company, valued at $4,551,187.50. The disclosure for this sale can be found here. Insiders have sold a total of 36,889 shares of company stock valued at $2,688,936 over the last quarter. 0.92% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Jacobs Engineering Group Inc (JEC) Position Reduced by Country Club Trust Company n.a.” was published by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/jacobs-engineering-group-inc-jec-position-reduced-by-country-club-trust-company-n-a/2953394.html.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

Read More: Lock-Up Period Expiration

Want to see what other hedge funds are holding JEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Engineering Group Inc (NYSE:JEC).

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

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.