Jacobs Engineering Group Inc. (JEC) Shares Sold by ProShare Advisors LLC
ProShare Advisors LLC lessened its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 6.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,934 shares of the construction company’s stock after selling 640 shares during the period. ProShare Advisors LLC’s holdings in Jacobs Engineering Group were worth $540,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Global X Management Co. LLC grew its position in Jacobs Engineering Group by 204.2% during the 1st quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock worth $112,000 after purchasing an additional 1,364 shares during the last quarter. First Manhattan Co. grew 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 worth $129,000 after purchasing an additional 2,169 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Jacobs Engineering Group during the 1st quarter worth approximately $160,000. Invictus RG purchased a new stake in Jacobs Engineering Group during the 1st quarter worth approximately $178,000. Finally, Bridgewater Associates LP purchased a new stake in Jacobs Engineering Group during the 2nd quarter worth approximately $207,000. 86.11% of the stock is currently owned by institutional investors.
Jacobs Engineering Group Inc. (JEC) opened at 58.79 on Friday. The company has a 50 day moving average of $55.22 and a 200 day moving average of $54.09. The firm has a market capitalization of $7.07 billion, a PE ratio of 31.27 and a beta of 1.53. Jacobs Engineering Group Inc. has a 1-year low of $49.16 and a 1-year high of $63.42.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.78 EPS. Jacobs Engineering Group’s quarterly revenue was down 6.6% on a year-over-year basis. Analysts forecast 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 $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 31.75%.
Several analysts have weighed in on the stock. BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Citigroup Inc. downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective on the stock. in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Jacobs Engineering Group in a 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 assigned a buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Hold” and a consensus target price of $61.88.
Jacobs Engineering Group 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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