Endurance Wealth Management Inc. Increases Holdings in Jacobs Engineering Group Inc (NYSE:JEC)

Endurance Wealth Management Inc. raised its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,786 shares of the construction company’s stock after purchasing an additional 174 shares during the quarter. Jacobs Engineering Group accounts for about 1.1% of Endurance Wealth Management Inc.’s portfolio, making the stock its 27th biggest position. Endurance Wealth Management Inc. owned approximately 0.06% of Jacobs Engineering Group worth $6,843,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Monarch Capital Management Inc. raised its position in Jacobs Engineering Group by 0.5% during the second quarter. Monarch Capital Management Inc. now owns 28,527 shares of the construction company’s stock valued at $2,407,000 after purchasing an additional 130 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Jacobs Engineering Group by 1.8% during the second quarter. LS Investment Advisors LLC now owns 8,939 shares of the construction company’s stock valued at $754,000 after buying an additional 160 shares during the last quarter. Smith Salley & Associates grew its stake in shares of Jacobs Engineering Group by 4.1% during the second quarter. Smith Salley & Associates now owns 4,042 shares of the construction company’s stock valued at $341,000 after buying an additional 161 shares during the last quarter. Signaturefd LLC grew its stake in shares of Jacobs Engineering Group by 68.2% during the third quarter. Signaturefd LLC now owns 439 shares of the construction company’s stock valued at $40,000 after buying an additional 178 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Jacobs Engineering Group by 3.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,033 shares of the construction company’s stock valued at $424,000 after buying an additional 186 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

JEC has been the topic of a number of recent research reports. ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America reissued a “buy” rating and issued a $98.00 target price on shares of Jacobs Engineering Group in a research note on Thursday, August 22nd. KeyCorp raised their target price on Jacobs Engineering Group from $90.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Cowen reissued a “buy” rating and issued a $92.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday, August 20th. Finally, Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $88.89.

Shares of JEC stock traded down $1.11 during trading hours on Friday, hitting $94.60. 1,536,404 shares of the company’s stock traded hands, compared to its average volume of 1,058,899. The stock’s fifty day simple moving average is $92.40 and its two-hundred day simple moving average is $84.96. Jacobs Engineering Group Inc has a 12-month low of $55.17 and a 12-month high of $98.08. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.59 and a beta of 1.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, October 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.68 annualized dividend and a dividend yield of 0.72%. Jacobs Engineering Group’s payout ratio is 15.21%.

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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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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