Madison Investment Holdings Inc. Boosts Stake in Jacobs Engineering Group Inc (JEC)

Madison Investment Holdings Inc. lifted its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 18.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 801,030 shares of the construction company’s stock after buying an additional 124,859 shares during the period. Madison Investment Holdings Inc. owned about 0.67% of Jacobs Engineering Group worth $46,676,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in Jacobs Engineering Group by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the construction company’s stock valued at $408,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Jacobs Engineering Group by 30.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 180,972 shares of the construction company’s stock valued at $9,845,000 after purchasing an additional 42,467 shares during the last quarter. NGAM Advisors L.P. grew its holdings in Jacobs Engineering Group by 4.1% during the 2nd quarter. NGAM Advisors L.P. now owns 24,726 shares of the construction company’s stock valued at $1,345,000 after purchasing an additional 973 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Jacobs Engineering Group by 34.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 17,514 shares of the construction company’s stock valued at $953,000 after purchasing an additional 4,466 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in Jacobs Engineering Group by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock valued at $650,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.

In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the sale, the director now directly owns 30,496 shares of the company’s stock, valued at approximately $1,921,552.96. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.49% of the stock is owned by insiders.

Several brokerages recently commented on JEC. Citigroup set a $64.00 price target on shares of Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, October 17th. MKM Partners set a $61.00 price objective on shares of Jacobs Engineering Group and gave the company a “neutral” rating in a research report on Tuesday, November 28th. Finally, BidaskClub cut shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $67.44.

Jacobs Engineering Group Inc (JEC) traded up $0.82 during trading on Friday, reaching $68.51. 848,015 shares of the company’s stock traded hands, compared to its average volume of 819,553. The stock has a market cap of $8,253.13, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.49 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $68.97.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were given a $0.15 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.60 annualized dividend and a yield of 0.88%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 24.69%.

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Jacobs Engineering Group 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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