Stock Traders Purchase High Volume of Jacobs Engineering Group Put Options (JEC)
Jacobs Engineering Group Inc. (NYSE:JEC) saw some unusual options trading activity on Thursday. Traders acquired 1,074 put options on the stock. This represents an increase of Infinity compared to the average volume of 0 put options.
Several equities analysts have weighed in on JEC shares. KeyCorp reiterated a “buy” rating and issued a $60.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 25th. Citigroup Inc. set a $64.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Friday, October 27th. Robert W. Baird restated a “hold” rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $62.56.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. increased its stake in Jacobs Engineering Group by 141.2% during the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after buying an additional 1,200 shares during the period. Advisor Group Inc. increased its stake in Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after buying an additional 339 shares during the period. First Manhattan Co. increased its stake in Jacobs Engineering Group by 1,013.6% during the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after buying an additional 2,169 shares during the period. Palisade Capital Management LLC NJ purchased a new stake in Jacobs Engineering Group during the 3rd quarter worth approximately $206,000. Finally, Bridgewater Associates LP purchased a new stake in Jacobs Engineering Group during the 2nd quarter worth approximately $207,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jacobs Engineering Group (JEC) opened at $59.29 on Friday. Jacobs Engineering Group has a 52 week low of $49.16 and a 52 week high of $63.42. The firm has a market cap of $7,133.48, a P/E ratio of 19.63, a P/E/G ratio of 1.70 and a beta of 1.51. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.07.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. analysts predict that Jacobs Engineering Group will post 3.09 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.01%. The ex-dividend date is Thursday, October 12th. Jacobs Engineering Group’s payout ratio is currently 31.75%.
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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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