Wedbush Securities Inc. lessened its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,186 shares of the construction company’s stock after selling 839 shares during the quarter. Wedbush Securities Inc.’s holdings in Jacobs Engineering Group were worth $1,463,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Jacobs Engineering Group during the fourth quarter valued at approximately $127,000. Tower Research Capital LLC TRC bought a new position in shares of Jacobs Engineering Group during the fourth quarter valued at approximately $131,000. Whittier Trust Co. raised its holdings in shares of Jacobs Engineering Group by 141.2% during the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after acquiring an additional 1,200 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Jacobs Engineering Group by 18.8% during the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after acquiring an additional 339 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Jacobs Engineering Group during the fourth quarter valued at approximately $200,000. Institutional investors own 74.78% of the company’s stock.
In other news, Director Joseph R. Bronson sold 6,125 shares of the firm’s 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 completion of the transaction, the director now directly owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.74% of the stock is owned by company insiders.
Jacobs Engineering Group Inc (NYSE JEC) opened at $63.19 on Monday. Jacobs Engineering Group Inc has a twelve month low of $49.31 and a twelve month high of $72.18. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $8,950.00, a price-to-earnings ratio of 29.12, a PEG ratio of 1.18 and a beta of 1.48.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period last year, the company earned $0.68 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. sell-side analysts anticipate that Jacobs Engineering Group Inc will post 4.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. Jacobs Engineering Group’s payout ratio is presently 27.65%.
A number of equities analysts recently commented on JEC shares. Citigroup set a $64.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. DA Davidson reiterated a “hold” rating and issued a $68.00 price objective on shares of Jacobs Engineering Group in a report on Wednesday, November 22nd. They noted that the move was a valuation call. KeyCorp increased their price objective on Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Finally, Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.00.
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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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