Robeco Institutional Asset Management B.V. grew its position in Jacobs Engineering Group Inc (NYSE:JEC) by 57.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,059 shares of the construction company’s stock after buying an additional 17,952 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Jacobs Engineering Group were worth $4,140,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in JEC. Smith Salley & Associates grew its position in Jacobs Engineering Group by 4.1% during the 2nd quarter. Smith Salley & Associates now owns 4,042 shares of the construction company’s stock valued at $341,000 after purchasing an additional 161 shares during the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in Jacobs Engineering Group by 5.5% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,432 shares of the construction company’s stock valued at $258,000 after purchasing an additional 178 shares in the last quarter. ETF Managers Group LLC boosted its stake in Jacobs Engineering Group by 8.1% during the 1st quarter. ETF Managers Group LLC now owns 2,431 shares of the construction company’s stock valued at $183,000 after purchasing an additional 182 shares in the last quarter. Sandy Spring Bank boosted its stake in Jacobs Engineering Group by 100.0% during the 1st quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock valued at $30,000 after purchasing an additional 200 shares in the last quarter. Finally, Seelaus Asset Management LLC boosted its stake in Jacobs Engineering Group by 1.4% during the 1st quarter. Seelaus Asset Management LLC now owns 14,337 shares of the construction company’s stock valued at $1,078,000 after purchasing an additional 200 shares in the last quarter. 93.92% of the stock is owned by institutional investors.
Get Jacobs Engineering Group alerts: A number of equities analysts have issued reports on the company. KeyCorp increased their price target on Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. DA Davidson increased their price objective on Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Cowen reiterated a “buy” rating and set a $92.00 price objective on shares of Jacobs Engineering Group in a report on Wednesday, April 24th. Finally, Zacks Investment Research lowered Jacobs Engineering Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Jacobs Engineering Group has a consensus rating of “Buy” and an average target price of $86.19.
Shares of NYSE:JEC traded down $2.46 during trading on Wednesday, reaching $81.71. The stock had a trading volume of 207,140 shares, 794,014. Jacobs Engineering Group Inc has a 52 week low of $55.17 and a 52 week high of $85.85. The firm has a 50-day simple moving average of $83.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $10.88 billion, a PE ratio of 18.28, a PEG ratio of 1.41 and a beta of 1.41.
Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Monday, August 5th. The construction company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.15. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The firm had revenue of $3.17 billion analyst estimates of $3.10 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Equities research analysts anticipate that Jacobs Engineering Group Inc will post 4.76 earnings per share year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.83%. Jacobs Engineering Group’s dividend payout ratio is 15.21%.
In related news, Director Joseph R. Bronson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total transaction of $764,500.00. Following the sale, the director now owns 35,302 shares in the company, valued at approximately $2,698,837.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Company insiders own 0.92% of the company’s stock.
About Jacobs Engineering Group
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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