BLB&B Advisors LLC Has $1.05 Million Stake in Jacobs Engineering Group Inc (JEC)

BLB&B Advisors LLC lessened its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 10.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,772 shares of the construction company’s stock after selling 1,564 shares during the quarter. BLB&B Advisors LLC’s holdings in Jacobs Engineering Group were worth $1,054,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of Jacobs Engineering Group by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 4,918,774 shares of the construction company’s stock valued at $312,292,000 after buying an additional 139,022 shares during the period. Select Equity Group L.P. lifted its holdings in shares of Jacobs Engineering Group by 144.4% in the 1st quarter. Select Equity Group L.P. now owns 1,520,317 shares of the construction company’s stock valued at $89,927,000 after buying an additional 898,140 shares during the period. Millennium Management LLC lifted its holdings in shares of Jacobs Engineering Group by 66.1% in the 2nd quarter. Millennium Management LLC now owns 1,332,939 shares of the construction company’s stock valued at $84,628,000 after buying an additional 530,536 shares during the period. Madison Investment Holdings Inc. lifted its holdings in shares of Jacobs Engineering Group by 17.1% in the 2nd quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock valued at $81,527,000 after buying an additional 187,572 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Jacobs Engineering Group by 70.1% in the 2nd quarter. American Century Companies Inc. now owns 1,167,192 shares of the construction company’s stock valued at $74,105,000 after buying an additional 481,062 shares during the period. 86.52% of the stock is owned by institutional investors and hedge funds.

NYSE JEC opened at $72.00 on Friday. The stock has a market capitalization of $10.86 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.34 and a beta of 1.55. Jacobs Engineering Group Inc has a twelve month low of $55.21 and a twelve month high of $78.32. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.39.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Monday, August 6th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.14. The company had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4 billion. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. Jacobs Engineering Group’s quarterly revenue was up 65.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. As a group, equities research analysts expect that Jacobs Engineering Group Inc will post 4.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.60 annualized dividend and a yield of 0.83%. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 18.52%.

JEC has been the subject of several analyst reports. Citigroup boosted their price objective on Jacobs Engineering Group from $69.00 to $70.00 and gave the company a “$66.12” rating in a report on Monday, July 23rd. DA Davidson raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a report on Monday, August 6th. Robert W. Baird reaffirmed an “outperform” rating and issued a $82.00 price target (up previously from $73.00) on shares of Jacobs Engineering Group in a report on Monday, August 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $74.00 price target on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. Finally, KeyCorp upped their price target on Jacobs Engineering Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $79.85.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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