Zurcher Kantonalbank Zurich Cantonalbank lowered its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 7.7% in the fourth quarter, Holdings Channel reports. The firm owned 26,384 shares of the construction company’s stock after selling 2,198 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jacobs Engineering Group were worth $2,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEC. Keudell Morrison Wealth Management acquired a new stake in shares of Jacobs Engineering Group during the 2nd quarter worth about $2,465,000. Man Group plc increased its position in Jacobs Engineering Group by 26.5% during the second quarter. Man Group plc now owns 4,952 shares of the construction company’s stock worth $418,000 after acquiring an additional 1,038 shares during the period. Cubist Systematic Strategies LLC increased its holdings in Jacobs Engineering Group by 3,060.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,320 shares of the construction company’s stock valued at $533,000 after buying an additional 6,120 shares during the period. Nuveen Asset Management LLC increased its holdings in Jacobs Engineering Group by 17,355.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 501,321 shares of the construction company’s stock valued at $42,307,000 after buying an additional 498,449 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in Jacobs Engineering Group by 1.9% in the 2nd quarter. Pictet Asset Management Ltd. now owns 69,864 shares of the construction company’s stock valued at $5,896,000 after buying an additional 1,300 shares during the period. Hedge funds and other institutional investors own 90.63% of the company’s stock.

Several research firms have commented on JEC. Bank of America raised their target price on shares of Jacobs Engineering Group from $98.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. KeyCorp raised their target price on shares of Jacobs Engineering Group from $90.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. ValuEngine lowered shares of Jacobs Engineering Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 3rd. Credit Suisse Group raised their target price on shares of Jacobs Engineering Group from $100.00 to $104.00 and gave the company an “outperform” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus began coverage on shares of Jacobs Engineering Group in a report on Thursday, December 12th. They issued a “buy” rating and a $110.00 target price on the stock. One analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $92.59.

JEC stock traded down $1.72 during mid-day trading on Tuesday, hitting $95.28. The stock had a trading volume of 758,528 shares, compared to its average volume of 1,245,781. The firm has a market capitalization of $12.70 billion, a P/E ratio of 18.87, a P/E/G ratio of 1.31 and a beta of 1.35. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $90.99 and a 200 day simple moving average of $89.74. Jacobs Engineering Group Inc has a 52 week low of $55.17 and a 52 week high of $98.08.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Monday, November 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.16. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.29 billion. Jacobs Engineering Group had a net margin of 6.66% and a return on equity of 11.42%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 EPS. As a group, equities analysts expect that Jacobs Engineering Group Inc will post 5.73 earnings per share for the current fiscal year.

In related news, SVP Michael R. Tyler sold 3,564 shares of Jacobs Engineering Group stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $94.86, for a total transaction of $338,081.04. Following the sale, the senior vice president now directly owns 21,852 shares of the company’s stock, valued at approximately $2,072,880.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

About Jacobs Engineering Group

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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