Jones Financial Companies Lllp decreased its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,698 shares of the construction company’s stock after selling 1,184 shares during the quarter. Jones Financial Companies Lllp’s holdings in Jacobs Engineering Group were worth $933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of JEC. Select Equity Group L.P. lifted its holdings in shares of Jacobs Engineering Group by 144.4% during the 1st quarter. Select Equity Group L.P. now owns 1,520,317 shares of the construction company’s stock valued at $89,927,000 after acquiring an additional 898,140 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Jacobs Engineering Group by 66.5% during the 1st quarter. Epoch Investment Partners Inc. now owns 1,518,212 shares of the construction company’s stock valued at $89,803,000 after acquiring an additional 606,335 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Jacobs Engineering Group by 328.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 656,055 shares of the construction company’s stock valued at $41,653,000 after acquiring an additional 503,004 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Jacobs Engineering Group by 11.5% during the 1st quarter. Wells Fargo & Company MN now owns 4,779,752 shares of the construction company’s stock valued at $282,722,000 after acquiring an additional 491,573 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its holdings in shares of Jacobs Engineering Group by 21.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 2,794,789 shares of the construction company’s stock valued at $165,312,000 after acquiring an additional 487,099 shares in the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.

A number of brokerages have commented on JEC. UBS Group boosted their price objective on shares of Jacobs Engineering Group from $83.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Robert W. Baird reiterated an “outperform” rating and issued a $82.00 price objective (up previously from $73.00) on shares of Jacobs Engineering Group in a report on Monday, August 6th. KeyCorp boosted their price objective on shares of Jacobs Engineering Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Jefferies Financial Group reiterated a “hold” rating and issued a $74.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. Finally, Bank of America boosted their price objective on shares of Jacobs Engineering Group from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $78.85.

Shares of JEC stock opened at $71.86 on Friday. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $73.90. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.26 and a beta of 1.49.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.14. Jacobs Engineering Group had a net margin of 2.19% and a return on equity of 9.83%. The firm had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4 billion. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was up 65.3% compared to the same quarter last year. sell-side analysts forecast that Jacobs Engineering Group Inc will post 4.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.83%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 18.52%.

In other news, Director Robert C. Davidson, Jr. sold 700 shares of the company’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $65.95, for a total value of $46,165.00. Following the sale, the director now owns 28,618 shares in the company, valued at approximately $1,887,357.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson bought 4,000 shares of the business’s stock in a transaction dated Tuesday, May 22nd. The stock was bought at an average price of $64.10 per share, for a total transaction of $256,400.00. Following the purchase, the director now owns 15,318 shares in the company, valued at approximately $981,883.80. The disclosure for this purchase can be found here. Corporate insiders own 0.74% of the company’s stock.

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.

Further Reading: Are analyst ratings accurate?

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

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