Jacobs Engineering Group Inc. (JEC) Holdings Reduced by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 6.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 796,368 shares of the construction company’s stock after selling 51,865 shares during the quarter. American Century Companies Inc. owned 0.66% of Jacobs Engineering Group worth $46,404,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State of Wisconsin Investment Board boosted its stake in Jacobs Engineering Group by 166.0% during the third quarter. State of Wisconsin Investment Board now owns 280,229 shares of the construction company’s stock worth $16,329,000 after buying an additional 174,874 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Jacobs Engineering Group during the third quarter valued at $3,623,000. Dupont Capital Management Corp boosted its stake in shares of Jacobs Engineering Group by 4,211.4% during the third quarter. Dupont Capital Management Corp now owns 38,113 shares of the construction company’s stock valued at $2,221,000 after purchasing an additional 37,229 shares during the period. Palisade Capital Management LLC NJ purchased a new stake in shares of Jacobs Engineering Group during the third quarter valued at $206,000. Finally, Hutchinson Capital Management CA boosted its stake in shares of Jacobs Engineering Group by 5.7% during the third quarter. Hutchinson Capital Management CA now owns 335,553 shares of the construction company’s stock valued at $19,553,000 after purchasing an additional 17,945 shares during the period. 83.33% of the stock is owned by institutional investors.

JEC has been the subject of a number of recent analyst reports. Robert W. Baird reissued a “hold” rating and set a $63.00 target price on shares of Jacobs Engineering Group in a research note on Friday, October 6th. BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Tuesday, October 17th. Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price for the company. in a research note on Thursday, August 3rd. Finally, KeyCorp reissued a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $62.56.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at $60.03 on Monday. Jacobs Engineering Group Inc. has a one year low of $49.31 and a one year high of $63.42. The firm has a market cap of $7,222.52, a PE ratio of 19.88, a P/E/G ratio of 1.72 and a beta of 1.51. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.07.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

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

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