World Asset Management Inc decreased its position in Jacobs Engineering Group Inc. (NYSE:JEC) by 13.1% during the second quarter, Holdings Channel reports. The firm owned 10,317 shares of the construction company’s stock after selling 1,551 shares during the period. World Asset Management Inc’s holdings in Jacobs Engineering Group were worth $561,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of JEC. First Quadrant L P CA raised its position in shares of Jacobs Engineering Group by 2.0% in the first quarter. First Quadrant L P CA now owns 295,477 shares of the construction company’s stock worth $16,334,000 after buying an additional 5,735 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock worth $167,000 after buying an additional 158 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of Jacobs Engineering Group by 4.1% in the first quarter. Nationwide Fund Advisors now owns 43,082 shares of the construction company’s stock worth $2,382,000 after buying an additional 1,700 shares in the last quarter. Monarch Capital Management Inc. raised its position in shares of Jacobs Engineering Group by 9.9% in the first quarter. Monarch Capital Management Inc. now owns 36,542 shares of the construction company’s stock worth $2,020,000 after buying an additional 3,280 shares in the last quarter. Finally, Boys Arnold & Co. Inc. raised its position in shares of Jacobs Engineering Group by 8.0% in the first quarter. Boys Arnold & Co. Inc. now owns 4,750 shares of the construction company’s stock worth $263,000 after buying an additional 350 shares in the last quarter. 87.41% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Engineering Group Inc. (NYSE JEC) opened at 54.22 on Thursday. Jacobs Engineering Group Inc. has a 12 month low of $49.15 and a 12 month high of $63.42. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 31.52 and a beta of 1.52. The stock’s 50 day moving average price is $53.50 and its 200 day moving average price is $54.87.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.11%. Jacobs Engineering Group’s payout ratio is currently 31.75%.

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A number of equities analysts have weighed in on the company. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Citadel Securities lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and upped their target price for the stock from $62.00 to $66.00 in a research note on Tuesday. Robert W. Baird restated a “neutral” rating and issued a $64.00 target price (up from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Finally, Credit Suisse Group restated a “buy” rating and issued a $69.00 target price on shares of Jacobs Engineering Group in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $61.17.

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.

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

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