IFM Investors Pty Ltd Grows Stock Position in Jacobs Engineering Group Inc (NYSE:JEC)

IFM Investors Pty Ltd raised its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 38.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,409 shares of the construction company’s stock after buying an additional 4,034 shares during the quarter. IFM Investors Pty Ltd’s holdings in Jacobs Engineering Group were worth $1,318,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JEC. Atlas Capital Advisors LLC raised its stake in shares of Jacobs Engineering Group by 56.2% in the third quarter. Atlas Capital Advisors LLC now owns 5,987 shares of the construction company’s stock worth $548,000 after purchasing an additional 2,155 shares during the last quarter. Texas Permanent School Fund raised its stake in shares of Jacobs Engineering Group by 14.1% in the third quarter. Texas Permanent School Fund now owns 25,240 shares of the construction company’s stock worth $2,309,000 after purchasing an additional 3,110 shares during the last quarter. Comerica Bank raised its stake in shares of Jacobs Engineering Group by 10.7% in the third quarter. Comerica Bank now owns 27,066 shares of the construction company’s stock worth $2,527,000 after purchasing an additional 2,620 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Jacobs Engineering Group by 27.8% in the third quarter. California Public Employees Retirement System now owns 346,549 shares of the construction company’s stock worth $31,709,000 after purchasing an additional 75,435 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Jacobs Engineering Group by 0.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 550,742 shares of the construction company’s stock worth $50,393,000 after purchasing an additional 1,790 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Several brokerages have recently issued reports on JEC. Cowen restated a “buy” rating and issued a $92.00 price objective on shares of Jacobs Engineering Group in a research note on Tuesday, August 20th. DA Davidson raised their price objective on Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Friday, August 16th. Finally, Credit Suisse Group raised their target price on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $88.89.

Jacobs Engineering Group stock traded down $1.11 during midday trading on Friday, hitting $94.60. 1,536,404 shares of the company were exchanged, compared to its average volume of 1,058,899. The firm has a market capitalization of $13.19 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. Jacobs Engineering Group Inc has a fifty-two week low of $55.17 and a fifty-two week high of $98.08. The business has a fifty day simple moving average of $92.40 and a two-hundred day simple moving average of $84.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.36.

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 4th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, October 3rd. Jacobs Engineering Group’s dividend payout ratio (DPR) is 15.21%.

Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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