Stock Traders Purchase Large Volume of Put Options on Jacobs Engineering Group (JEC)
Jacobs Engineering Group Inc. (NYSE:JEC) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 1,074 put options on the company. This is an increase of approximately Infinity compared to the average volume of 0 put options.
Shares of Jacobs Engineering Group (JEC) opened at $59.29 on Friday. Jacobs Engineering Group has a fifty-two week low of $49.16 and a fifty-two week high of $63.42. The stock has a market cap of $7,133.48, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.60 and a quick ratio of 1.60.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. equities research analysts expect that Jacobs Engineering Group will post 3.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 13th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.
Several large investors have recently bought and sold shares of JEC. Oppenheimer Asset Management Inc. acquired a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $570,000. HighTower Advisors LLC raised its position in shares of Jacobs Engineering Group by 4.1% in the first quarter. HighTower Advisors LLC now owns 23,185 shares of the construction company’s stock valued at $1,282,000 after buying an additional 914 shares during the last quarter. Bank of Nova Scotia acquired a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $1,378,000. Nomura Asset Management Co. Ltd. raised its position in shares of Jacobs Engineering Group by 39.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 34,592 shares of the construction company’s stock valued at $1,912,000 after buying an additional 9,778 shares during the last quarter. Finally, Polianta Ltd raised its position in shares of Jacobs Engineering Group by 11.7% in the second quarter. Polianta Ltd now owns 21,000 shares of the construction company’s stock valued at $1,142,000 after buying an additional 2,200 shares during the last quarter. 85.82% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on JEC. Jefferies Group LLC reissued a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. KeyCorp reissued a “buy” rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 25th. BidaskClub downgraded shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Citigroup Inc. set a $64.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $62.56.
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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