Jacobs Engineering Group Inc (JEC) is Hahn Capital Management LLC’s 7th Largest Position

Hahn Capital Management LLC raised its position in Jacobs Engineering Group Inc (NYSE:JEC) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 668,319 shares of the construction company’s stock after buying an additional 6,434 shares during the quarter. Jacobs Engineering Group comprises about 3.8% of Hahn Capital Management LLC’s portfolio, making the stock its 7th largest position. Hahn Capital Management LLC owned about 0.56% of Jacobs Engineering Group worth $38,943,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in JEC. Vanguard Group Inc. grew its holdings in shares of Jacobs Engineering Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after purchasing an additional 150,333 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. grew its holdings in shares of Jacobs Engineering Group by 9.4% during the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after purchasing an additional 487,089 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Jacobs Engineering Group by 68.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock valued at $233,784,000 after purchasing an additional 1,634,127 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Jacobs Engineering Group by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock valued at $185,962,000 after purchasing an additional 19,954 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Jacobs Engineering Group by 26.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock worth $137,479,000 after buying an additional 524,310 shares during the period. 85.14% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently commented on the stock. Barclays assumed coverage on shares of Jacobs Engineering Group in a research report on Tuesday. They set an “overweight” rating and a $75.00 target price on the stock. MKM Partners set a $61.00 target price on shares of Jacobs Engineering Group and gave the stock a “neutral” rating in a research report on Tuesday, November 28th. Argus reiterated a “buy” rating and set a $73.00 target price on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. Robert W. Baird reiterated a “hold” rating and set a $69.00 target price on shares of Jacobs Engineering Group in a research report on Friday, November 24th. Finally, Zacks Investment Research downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $68.20.

In other news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the transaction, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.74% of the stock is currently owned by insiders.

Shares of Jacobs Engineering Group Inc (JEC) traded down $0.23 during midday trading on Thursday, hitting $68.16. 906,900 shares of the stock were exchanged, compared to its average volume of 823,166. The firm has a market cap of $8,242.46, a P/E ratio of 21.17, a P/E/G ratio of 1.49 and a beta of 1.56. Jacobs Engineering Group Inc has a 1 year low of $49.31 and a 1 year high of $69.35. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 2.93% and a return on equity of 9.18%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.77 EPS. sell-side analysts expect that Jacobs Engineering Group Inc will post 3.44 earnings per share for the current year.

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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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