Royal Bank of Canada lowered its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 801,342 shares of the construction company’s stock after selling 97,016 shares during the period. Royal Bank of Canada owned 0.67% of Jacobs Engineering Group worth $43,585,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bingham Osborn & Scarborough LLC lifted its position in shares of Jacobs Engineering Group by 0.3% during the second quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock worth $306,000 after acquiring an additional 17 shares in the last quarter. CIBC Asset Management Inc lifted its position in shares of Jacobs Engineering Group by 0.3% during the second quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock worth $650,000 after acquiring an additional 34 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Jacobs Engineering Group by 0.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock worth $260,000 after acquiring an additional 42 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Jacobs Engineering Group by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 13,488 shares of the construction company’s stock worth $733,000 after acquiring an additional 75 shares in the last quarter. Finally, Advantus Capital Management Inc lifted its position in shares of Jacobs Engineering Group by 0.6% during the first quarter. Advantus Capital Management Inc now owns 12,035 shares of the construction company’s stock worth $665,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 86.11% of the company’s stock.

Several equities research analysts have issued reports on JEC shares. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. KeyCorp restated a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 25th. Finally, Jefferies Group LLC restated a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $61.88.

Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 58.82 on Friday. The company has a 50 day moving average price of $55.22 and a 200-day moving average price of $54.09. The stock has a market cap of $7.08 billion, a P/E ratio of 31.29 and a beta of 1.53. Jacobs Engineering Group Inc. has a 12 month low of $49.16 and a 12 month high of $63.42.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 31.75%.

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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.

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

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