Jacobs Engineering Group Inc (JEC) Shares Bought by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC grew its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 2.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,268 shares of the construction company’s stock after buying an additional 5,295 shares during the period. Waters Parkerson & CO. LLC owned about 0.18% of Jacobs Engineering Group worth $12,427,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in JEC. Stifel Financial Corp lifted its holdings in shares of Jacobs Engineering Group by 16.4% in the 3rd quarter. Stifel Financial Corp now owns 14,124 shares of the construction company’s stock worth $824,000 after purchasing an additional 1,989 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of Jacobs Engineering Group by 40.7% in the 3rd quarter. Pinebridge Investments L.P. now owns 11,584 shares of the construction company’s stock worth $675,000 after purchasing an additional 3,353 shares during the last quarter. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Jacobs Engineering Group in the 3rd quarter worth approximately $320,000. Dimensional Fund Advisors LP lifted its holdings in shares of Jacobs Engineering Group by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock worth $185,962,000 after purchasing an additional 19,954 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Jacobs Engineering Group by 0.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 617,450 shares of the construction company’s stock worth $35,979,000 after purchasing an additional 3,955 shares during the last quarter. 85.14% of the stock is currently owned by institutional investors.

Shares of Jacobs Engineering Group Inc (NYSE JEC) opened at $65.46 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $7,885.71, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.42 and a beta of 1.56. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $66.20.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.16. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 EPS. equities research analysts expect that Jacobs Engineering Group Inc will post 3.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s payout ratio is currently 24.69%.

Several brokerages recently issued reports on JEC. MKM Partners set a $61.00 price target on Jacobs Engineering Group and gave the stock a “neutral” rating in a report on Tuesday, November 28th. Argus reissued a “buy” rating and issued a $73.00 price target on shares of Jacobs Engineering Group in a report on Monday, November 27th. They noted that the move was a valuation call. Robert W. Baird reissued a “hold” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a report on Friday, November 24th. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. Finally, ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.44.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now owns 30,496 shares of the company’s stock, valued at approximately $1,921,552.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.49% of the stock is owned by insiders.

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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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