Quantitative Investment Management LLC raised its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,000 shares of the construction company’s stock after buying an additional 25,700 shares during the quarter. Quantitative Investment Management LLC owned about 0.06% of Jacobs Engineering Group worth $5,342,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of JEC. Cerebellum GP LLC bought a new stake in shares of Jacobs Engineering Group in the 4th quarter worth approximately $127,000. Tower Research Capital LLC TRC bought a new stake in shares of Jacobs Engineering Group in the 4th quarter worth approximately $131,000. Jarislowsky Fraser Ltd bought a new stake in shares of Jacobs Engineering Group in the 3rd quarter worth approximately $186,000. Virtu Financial LLC bought a new stake in shares of Jacobs Engineering Group in the 4th quarter worth approximately $200,000. Finally, Cadence Capital Management LLC purchased a new position in shares of Jacobs Engineering Group in the 4th quarter valued at approximately $215,000. Hedge funds and other institutional investors own 82.20% of the company’s stock.
A number of research analysts have recently commented on JEC shares. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, January 8th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays raised their target price on Jacobs Engineering Group from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Argus restated a “buy” rating and issued a $73.00 target price on shares of Jacobs Engineering Group in a research note on Monday, November 27th. They noted that the move was a valuation call. Finally, UBS Group upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 target price for the company in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $74.00.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. analysts expect that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Thursday, February 15th. Jacobs Engineering Group’s payout ratio is 30.77%.
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Jacobs Engineering Group Profile
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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