Wedge Capital Management L L P NC trimmed its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,447 shares of the construction company’s stock after selling 4,772 shares during the period. Wedge Capital Management L L P NC owned about 0.13% of Jacobs Engineering Group worth $15,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JEC. Arcadia Investment Management Corp MI acquired a new stake in Jacobs Engineering Group in the 2nd quarter worth $25,000. Hanson & Doremus Investment Management bought a new position in shares of Jacobs Engineering Group during the 2nd quarter worth about $26,000. Sandy Spring Bank lifted its holdings in shares of Jacobs Engineering Group by 100.0% during the 1st quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Weaver Consulting Group bought a new position in shares of Jacobs Engineering Group during the 1st quarter worth about $32,000. Finally, First Manhattan Co. lifted its holdings in shares of Jacobs Engineering Group by 115.9% during the 1st quarter. First Manhattan Co. now owns 462 shares of the construction company’s stock worth $34,000 after acquiring an additional 248 shares during the period. Institutional investors own 94.48% of the company’s stock.

A number of equities analysts have recently commented on JEC shares. Cowen reaffirmed a “buy” rating and set a $92.00 price objective on shares of Jacobs Engineering Group in a report on Wednesday, April 24th. KeyCorp raised their price objective on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Credit Suisse Group raised their price objective on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. DA Davidson raised their price objective on shares of Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays reaffirmed an “overweight” rating and set a $85.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Buy” and an average target price of $87.07.

JEC stock traded down $1.68 during trading on Wednesday, hitting $81.33. 168,067 shares of the stock traded hands, compared to its average volume of 1,116,714. Jacobs Engineering Group Inc has a one year low of $55.17 and a one year high of $86.43. The stock has a market cap of $11.64 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. The stock has a 50 day moving average of $84.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.36.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.15. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period last year, the firm posted $1.35 EPS. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast that Jacobs Engineering Group Inc will post 4.84 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio is currently 15.21%.

Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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