Norinchukin Bank The lifted its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,358 shares of the construction company’s stock after purchasing an additional 492 shares during the period. Norinchukin Bank The’s holdings in Jacobs Engineering Group were worth $455,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Bridgewater Associates LP bought a new position in shares of Jacobs Engineering Group in the 2nd quarter worth $207,000. Dai Ichi Life Insurance Company Ltd boosted its position in shares of Jacobs Engineering Group by 5.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 36,801 shares of the construction company’s stock worth $2,002,000 after purchasing an additional 1,919 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Jacobs Engineering Group by 22.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 556,078 shares of the construction company’s stock worth $30,245,000 after purchasing an additional 101,626 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Jacobs Engineering Group by 373.8% in the 2nd quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock worth $129,336,000 after purchasing an additional 1,876,081 shares during the last quarter. Finally, Calamos Advisors LLC boosted its position in shares of Jacobs Engineering Group by 2.7% in the 2nd quarter. Calamos Advisors LLC now owns 54,543 shares of the construction company’s stock worth $2,967,000 after purchasing an additional 1,446 shares during the last quarter. Institutional investors and hedge funds own 86.11% of the company’s stock.

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Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 57.72 on Thursday. The firm has a 50 day moving average price of $53.34 and a 200 day moving average price of $53.88. The firm has a market cap of $6.94 billion, a P/E ratio of 30.70 and a beta of 1.52. Jacobs Engineering Group Inc. has a 1-year low of $49.15 and a 1-year high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.79. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. Analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.04%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

Several research analysts have recently issued reports on JEC shares. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, KeyCorp restated a “buy” rating and issued a $60.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $61.89.

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.

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

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