Marshall Wace North America L.P. Sells 253,974 Shares of Jacobs Engineering Group Inc (JEC)

Marshall Wace North America L.P. reduced its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 54.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,591 shares of the construction company’s stock after selling 253,974 shares during the period. Marshall Wace North America L.P. owned 0.15% of Jacobs Engineering Group worth $16,416,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Madison Investment Holdings Inc. boosted its holdings in shares of Jacobs Engineering Group by 17.1% during the 2nd quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock worth $81,527,000 after purchasing an additional 187,572 shares during the last quarter. First American Trust FSB boosted its holdings in shares of Jacobs Engineering Group by 7.2% during the 3rd quarter. First American Trust FSB now owns 42,370 shares of the construction company’s stock worth $3,241,000 after purchasing an additional 2,855 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Jacobs Engineering Group during the 2nd quarter worth approximately $1,323,000. Ruggie Capital Group acquired a new position in shares of Jacobs Engineering Group during the 2nd quarter worth approximately $241,000. Finally, Bank of Nova Scotia boosted its holdings in shares of Jacobs Engineering Group by 7.9% during the 2nd quarter. Bank of Nova Scotia now owns 13,107 shares of the construction company’s stock worth $832,000 after purchasing an additional 961 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.

JEC opened at $59.78 on Friday. 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 $8.67 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.23 and a beta of 1.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 1.45.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, November 20th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Jacobs Engineering Group had a return on equity of 10.40% and a net margin of 1.19%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s quarterly revenue was up 56.1% on a year-over-year basis. As a group, analysts anticipate that Jacobs Engineering Group Inc will post 5.15 EPS for the current year.

JEC has been the topic of a number of recent analyst reports. Credit Suisse Group decreased their price objective on Jacobs Engineering Group from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Wednesday, November 21st. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Citigroup decreased their price objective on Jacobs Engineering Group from $95.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. MKM Partners decreased their price objective on Jacobs Engineering Group from $84.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. Finally, ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $83.92.

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

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