Ngam Advisors L.P. increased its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 6.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,753 shares of the construction company’s stock after buying an additional 1,515 shares during the period. Ngam Advisors L.P.’s holdings in Jacobs Engineering Group were worth $1,313,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans raised its position in shares of Jacobs Engineering Group by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 194,300 shares of the construction company’s stock worth $11,075,000 after buying an additional 12,250 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Jacobs Engineering Group during the fourth quarter worth $239,000. Tudor Investment Corp Et Al bought a new position in shares of Jacobs Engineering Group during the fourth quarter worth $1,149,000. Franklin Resources Inc. raised its position in shares of Jacobs Engineering Group by 27.5% in the fourth quarter. Franklin Resources Inc. now owns 145,797 shares of the construction company’s stock worth $8,310,000 after buying an additional 31,426 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Jacobs Engineering Group by 9.0% in the fourth quarter. GSA Capital Partners LLP now owns 11,407 shares of the construction company’s stock worth $650,000 after buying an additional 945 shares during the last quarter. 86.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 52.81 on Friday. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 30.70 and a beta of 1.55. Jacobs Engineering Group Inc. has a 12 month low of $47.14 and a 12 month high of $63.42. The stock has a 50 day moving average of $53.52 and a 200-day moving average of $56.11.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.07. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the firm posted $0.75 EPS. Jacobs Engineering Group’s revenue was down 17.2% compared to the same quarter last year. On average, analysts forecast that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, May 19th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date was Wednesday, May 17th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 34.88%.
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A number of brokerages have weighed in on JEC. BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, April 11th. Robert W. Baird reaffirmed a “neutral” rating and issued a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $61.11.
About Jacobs Engineering Group
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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