Shufro Rose & Co. LLC lowered its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,475 shares of the construction company’s stock after selling 2,400 shares during the period. Shufro Rose & Co. LLC’s holdings in Jacobs Engineering Group were worth $1,984,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Bingham Osborn & Scarborough LLC increased its stake in shares of Jacobs Engineering Group by 0.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock worth $306,000 after buying an additional 17 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in shares of Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock worth $199,000 after buying an additional 25 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Jacobs Engineering Group by 0.3% in the second quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock worth $650,000 after buying an additional 34 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of Jacobs Engineering Group by 0.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,734 shares of the construction company’s stock worth $372,000 after buying an additional 38 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Jacobs Engineering Group by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock worth $260,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Jacobs Engineering Group Inc. (JEC) opened at 52.73 on Tuesday. The stock’s 50 day moving average price is $53.50 and its 200 day moving average price is $54.67. Jacobs Engineering Group Inc. has a 1-year low of $49.15 and a 1-year high of $63.42. The stock has a market capitalization of $6.34 billion, a PE ratio of 28.05 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. On average, equities research analysts predict that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 31.75%.

TRADEMARK VIOLATION WARNING: This article was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.watchlistnews.com/jacobs-engineering-group-inc-jec-shares-sold-by-shufro-rose-co-llc/1489806.html.

A number of brokerages recently weighed in on JEC. BidaskClub raised Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. Robert W. Baird reissued a “neutral” rating and set a $64.00 price objective (up from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Credit Suisse Group reissued a “buy” rating and set a $69.00 price objective on shares of Jacobs Engineering Group in a report on Friday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $62.30.

Jacobs Engineering Group Company 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.

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