Artisan Partners Limited Partnership reduced its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,328,212 shares of the construction company’s stock after selling 75,769 shares during the quarter. Artisan Partners Limited Partnership owned about 1.94% of Jacobs Engineering Group worth $135,665,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in shares of Jacobs Engineering Group by 373.8% in the second quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock valued at $129,336,000 after acquiring an additional 1,876,081 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Jacobs Engineering Group by 26.2% in the second quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock valued at $137,479,000 after acquiring an additional 524,310 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Jacobs Engineering Group in the third quarter valued at about $22,378,000. BT Investment Management Ltd purchased a new stake in shares of Jacobs Engineering Group in the second quarter valued at about $13,951,000. Finally, Marshall Wace North America L.P. boosted its holdings in shares of Jacobs Engineering Group by 62.2% in the second quarter. Marshall Wace North America L.P. now owns 637,345 shares of the construction company’s stock valued at $34,417,000 after acquiring an additional 244,429 shares in the last quarter. Hedge funds and other institutional investors own 85.24% of the company’s stock.

Jacobs Engineering Group Inc (NYSE JEC) opened at $65.46 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.05. The stock has a market cap of $7,885.70, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.56. Jacobs Engineering Group Inc has a 52-week low of $49.31 and a 52-week high of $66.20.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.16. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. equities analysts expect that Jacobs Engineering Group Inc will post 3.44 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is presently 24.69%.

Several analysts have recently weighed in 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 on the stock in a report on Tuesday, October 17th. Citigroup set a $64.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. ValuEngine downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. KeyCorp reissued a “buy” rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 25th. Finally, Robert W. Baird reissued a “hold” rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Jacobs Engineering Group currently has an average rating of “Hold” and an average price target of $67.44.

In other news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the transaction, the director now owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.49% of the company’s stock.

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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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