OxFORD Asset Management LLP reduced its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 24.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,151 shares of the construction company’s stock after selling 8,943 shares during the period. OxFORD Asset Management LLP’s holdings in Jacobs Engineering Group were worth $1,531,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bingham Osborn & Scarborough LLC increased its stake in Jacobs Engineering Group by 0.3% during the 2nd 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 in the last quarter. CIBC Asset Management Inc increased its stake in Jacobs Engineering Group by 0.3% during the 2nd 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. Cambridge Investment Research Advisors Inc. increased its stake in Jacobs Engineering Group by 0.9% during the 1st 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. Meeder Asset Management Inc. increased its stake in Jacobs Engineering Group by 0.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 13,488 shares of the construction company’s stock worth $733,000 after buying an additional 75 shares in the last quarter. Finally, Advantus Capital Management Inc increased its stake in Jacobs Engineering Group by 0.6% during the 1st quarter. Advantus Capital Management Inc now owns 12,035 shares of the construction company’s stock worth $665,000 after buying an additional 76 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.

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Several research firms have commented on JEC. Robert W. Baird reiterated a “hold” rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a research note on Friday. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Citigroup Inc. cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Thursday, August 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.75.

Jacobs Engineering Group Inc. (NYSE:JEC) opened at 58.38 on Tuesday. Jacobs Engineering Group Inc. has a one year low of $49.16 and a one year high of $63.42. The firm has a market capitalization of $7.02 billion, a PE ratio of 31.05 and a beta of 1.53. The stock’s 50 day moving average price is $55.71 and its 200 day moving average price is $54.14.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The firm had revenue of $2.52 billion during 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%. Jacobs Engineering Group’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. Analysts expect that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.60 annualized dividend and a yield of 1.03%. Jacobs Engineering Group’s payout ratio is currently 31.75%.

About Jacobs Engineering Group

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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