Jacobs Engineering Group Sees Unusually High Options Volume (NYSE:J)

Jacobs Engineering Group Inc. (NYSE:J) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 2,814 call options on the stock. This represents an increase of 314% compared to the typical volume of 680 call options.

J stock traded up $3.76 during trading on Wednesday, reaching $147.76. The stock had a trading volume of 8,127 shares, compared to its average volume of 588,802. Jacobs Engineering Group has a one year low of $100.05 and a one year high of $148.86. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.50. The company’s 50 day moving average is $137.89 and its two-hundred day moving average is $136.39. The company has a market capitalization of $19.26 billion, a price-to-earnings ratio of 42.09, a P/E/G ratio of 1.57 and a beta of 0.85.

Jacobs Engineering Group (NYSE:J) last released its earnings results on Tuesday, November 23rd. The company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.01. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.80 billion. Jacobs Engineering Group had a net margin of 3.68% and a return on equity of 13.75%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 earnings per share. As a group, research analysts predict that Jacobs Engineering Group will post 6.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 29th. Investors of record on Friday, October 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, October 14th. Jacobs Engineering Group’s payout ratio is currently 24.07%.

A number of brokerages have weighed in on J. Citigroup raised their target price on shares of Jacobs Engineering Group from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their price target on shares of Jacobs Engineering Group from $145.00 to $161.00 and gave the stock a “neutral” rating in a report on Wednesday. Raymond James started coverage on shares of Jacobs Engineering Group in a report on Thursday, November 18th. They set an “outperform” rating and a $170.00 price target on the stock. Finally, Credit Suisse Group boosted their target price on shares of Jacobs Engineering Group from $156.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Jacobs Engineering Group has a consensus rating of “Buy” and an average target price of $147.54.

In other news, CFO Kevin C. Berryman sold 73,685 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The shares were sold at an average price of $145.74, for a total transaction of $10,738,851.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Steven J. Demetriou sold 98,739 shares of the firm’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $145.76, for a total transaction of $14,392,196.64. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in J. American Century Companies Inc. lifted its stake in shares of Jacobs Engineering Group by 25,464.5% during the 2nd quarter. American Century Companies Inc. now owns 650,617 shares of the company’s stock valued at $86,805,000 after buying an additional 648,072 shares in the last quarter. Ninety One UK Ltd increased its holdings in shares of Jacobs Engineering Group by 31.9% in the 3rd quarter. Ninety One UK Ltd now owns 2,086,173 shares of the company’s stock worth $276,481,000 after buying an additional 504,294 shares during the last quarter. Capital World Investors grew its holdings in shares of Jacobs Engineering Group by 6.5% during the 3rd quarter. Capital World Investors now owns 6,692,125 shares of the company’s stock valued at $886,907,000 after purchasing an additional 408,849 shares during the last quarter. Fiera Capital Corp bought a new position in shares of Jacobs Engineering Group during the 2nd quarter valued at $33,735,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Jacobs Engineering Group by 177.4% during the 2nd quarter. Renaissance Technologies LLC now owns 227,200 shares of the company’s stock valued at $30,313,000 after purchasing an additional 145,300 shares during the last quarter. Institutional investors own 85.31% of the company’s stock.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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