Prudential Financial Inc. decreased its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,648 shares of the construction company’s stock after selling 1,070 shares during the period. Prudential Financial Inc. owned 0.09% of Jacobs Engineering Group worth $10,148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new position in shares of Jacobs Engineering Group during the second quarter valued at about $102,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Jacobs Engineering Group by 88.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock valued at $136,000 after buying an additional 1,004 shares during the last quarter. SRS Capital Advisors Inc. acquired a new position in shares of Jacobs Engineering Group during the third quarter valued at about $148,000. Stratos Wealth Partners LTD. acquired a new position in shares of Jacobs Engineering Group during the third quarter valued at about $171,000. Finally, Wetherby Asset Management Inc. acquired a new position in shares of Jacobs Engineering Group during the third quarter valued at about $213,000. 86.46% of the stock is owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group stock opened at $62.77 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.32 and a beta of 1.40. Jacobs Engineering Group Inc has a 1-year low of $55.21 and a 1-year high of $82.24.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.40%. The company’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 earnings per share. As a group, equities analysts anticipate that Jacobs Engineering Group Inc will post 5.15 EPS for the current year.

A number of research analysts have recently commented on JEC shares. Robert W. Baird upped their price objective on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. Seaport Global Securities started coverage on shares of Jacobs Engineering Group in a research report on Thursday, November 15th. They issued a “buy” rating and a $91.00 price target for the company. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Finally, Bank of America increased their price target on shares of Jacobs Engineering Group from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $83.92.

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Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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