Lathrop Investment Management Corp reduced its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 251,367 shares of the construction company’s stock after selling 4,170 shares during the period. Jacobs Engineering Group accounts for approximately 4.6% of Lathrop Investment Management Corp’s portfolio, making the stock its 5th biggest holding. Lathrop Investment Management Corp’s holdings in Jacobs Engineering Group were worth $16,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Jacobs Engineering Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after buying an additional 150,333 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. raised its holdings in Jacobs Engineering Group by 9.4% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after buying an additional 487,089 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Jacobs Engineering Group by 68.7% during the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock valued at $233,784,000 after buying an additional 1,634,127 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Jacobs Engineering Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock valued at $185,962,000 after buying an additional 19,954 shares in the last quarter. Finally, FIL Ltd raised its holdings in Jacobs Engineering Group by 7.8% during the second quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock valued at $121,786,000 after buying an additional 162,167 shares in the last quarter. Institutional investors own 84.57% of the company’s stock.

Jacobs Engineering Group Inc (JEC) opened at $69.50 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $8,380.00, a PE ratio of 28.72, a PEG ratio of 1.44 and a beta of 1.56. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $69.52.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.16. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 earnings per share. research analysts predict that Jacobs Engineering Group Inc will post 3.53 EPS for the current fiscal year.

Several equities analysts have weighed in on JEC shares. Robert W. Baird restated a “hold” rating and set a $63.00 target price on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Citigroup set a $64.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. Finally, KeyCorp raised their target price on Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Jacobs Engineering Group currently has an average rating of “Hold” and an average target price of $69.10.

In other news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total value of $385,936.25. Following the transaction, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.74% of the company’s stock.

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

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