First Republic Investment Management Inc. lowered its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 14.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,094 shares of the construction company’s stock after selling 1,005 shares during the quarter. First Republic Investment Management Inc.’s holdings in Jacobs Engineering Group were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in Jacobs Engineering Group by 1.8% in the second quarter. LS Investment Advisors LLC now owns 8,939 shares of the construction company’s stock worth $754,000 after acquiring an additional 160 shares during the period. Commerce Bank grew its stake in Jacobs Engineering Group by 14.5% during the second quarter. Commerce Bank now owns 8,582 shares of the construction company’s stock valued at $724,000 after acquiring an additional 1,090 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Jacobs Engineering Group by 10.4% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 111,509 shares of the construction company’s stock valued at $9,368,000 after acquiring an additional 10,503 shares in the last quarter. Savant Capital LLC purchased a new position in Jacobs Engineering Group during the second quarter valued at $227,000. Finally, Tower Bridge Advisors grew its stake in Jacobs Engineering Group by 1.8% during the second quarter. Tower Bridge Advisors now owns 156,316 shares of the construction company’s stock valued at $13,192,000 after acquiring an additional 2,694 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.
Shares of JEC traded up $0.83 during mid-day trading on Friday, hitting $91.21. 1,028,243 shares of the company’s stock were exchanged, compared to its average volume of 1,102,757. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.69 and a beta of 1.37. Jacobs Engineering Group Inc has a fifty-two week low of $55.17 and a fifty-two week high of $93.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50-day moving average is $85.77 and its 200-day moving average is $79.93.
Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 earnings per share. As a group, equities research analysts anticipate that Jacobs Engineering Group Inc will post 4.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, July 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.75%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 15.21%.
Several equities analysts have commented on the stock. Credit Suisse Group increased their price objective on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Friday, August 16th. Cowen reissued a “buy” rating and set a $92.00 target price on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th. Finally, Bank of America restated a “buy” rating and set a $98.00 price objective on shares of Jacobs Engineering Group in a research note on Thursday, August 22nd. Thirteen research analysts have rated the stock with a buy rating, Jacobs Engineering Group presently has a consensus rating of “Buy” and a consensus target price of $87.81.
Jacobs Engineering Group Profile
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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