Front Barnett Associates LLC Acquires 2,077 Shares of Jacobs Engineering Group Inc (JEC)

Front Barnett Associates LLC increased its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 251,096 shares of the construction company’s stock after acquiring an additional 2,077 shares during the quarter. Jacobs Engineering Group comprises 2.9% of Front Barnett Associates LLC’s portfolio, making the stock its 8th biggest holding. Front Barnett Associates LLC owned 0.18% of Jacobs Engineering Group worth $19,209,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. LPL Financial LLC boosted its holdings in Jacobs Engineering Group by 35.8% in the 1st quarter. LPL Financial LLC now owns 11,044 shares of the construction company’s stock valued at $653,000 after purchasing an additional 2,909 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Jacobs Engineering Group by 21.4% in the 1st quarter. Principal Financial Group Inc. now owns 222,083 shares of the construction company’s stock valued at $13,137,000 after purchasing an additional 39,221 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Jacobs Engineering Group by 51.0% in the 1st quarter. Allianz Asset Management GmbH now owns 274,525 shares of the construction company’s stock valued at $16,238,000 after purchasing an additional 92,726 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Jacobs Engineering Group by 57.1% in the 2nd quarter. IFM Investors Pty Ltd now owns 6,458 shares of the construction company’s stock valued at $410,000 after purchasing an additional 2,346 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in Jacobs Engineering Group in the 2nd quarter valued at about $501,000. 85.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of JEC stock opened at $77.25 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. Jacobs Engineering Group Inc has a one year low of $55.21 and a one year high of $82.24. The company has a market capitalization of $11.48 billion, a PE ratio of 19.74, a P/E/G ratio of 1.20 and a beta of 1.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were issued a $0.15 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. Jacobs Engineering Group’s dividend payout ratio is currently 18.52%.

JEC has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Citigroup upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, October 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $74.00 target price on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. DA Davidson upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Monday, August 6th. Finally, ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $83.15.

WARNING: “Front Barnett Associates LLC Acquires 2,077 Shares of Jacobs Engineering Group Inc (JEC)” was originally published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/11/10/front-barnett-associates-llc-acquires-2077-shares-of-jacobs-engineering-group-inc-jec.html.

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.

Featured Article: Diversification in Your Portfolio

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

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply