Virginia Retirement Systems ET AL grew its position in Jacobs Engineering Group Inc (NYSE:JEC) by 672.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,600 shares of the construction company’s stock after buying an additional 69,300 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.06% of Jacobs Engineering Group worth $6,089,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new position in shares of Jacobs Engineering Group in the 2nd quarter valued at $102,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Jacobs Engineering Group by 88.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock valued at $136,000 after buying an additional 1,004 shares during the period. Stratos Wealth Partners LTD. acquired a new position in shares of Jacobs Engineering Group in the 3rd quarter valued at $171,000. Trust Department MB Financial Bank N A acquired a new position in shares of Jacobs Engineering Group in the 2nd quarter valued at $213,000. Finally, Sawtooth Solutions LLC acquired a new position in shares of Jacobs Engineering Group in the 2nd quarter valued at $221,000. 85.97% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on JEC. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Citigroup raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a report on Monday, October 22nd. Robert W. Baird boosted their price target on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 23rd. Finally, Barclays reissued a “buy” rating and issued a $83.00 price target on shares of Jacobs Engineering Group in a report on Thursday, October 18th. Two investment 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 company has an average rating of “Buy” and an average target price of $83.15.
Shares of NYSE JEC opened at $77.25 on Friday. The firm has a market capitalization of $11.48 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.20 and a beta of 1.41. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45. Jacobs Engineering Group Inc has a 1-year low of $55.21 and a 1-year high of $82.24.
The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, September 27th. Jacobs Engineering Group’s payout ratio is presently 18.52%.
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About Jacobs Engineering Group
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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