Jacobs Engineering Group Inc (JEC) Stake Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 16.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,547 shares of the construction company’s stock after buying an additional 1,089 shares during the period. IFM Investors Pty Ltd’s holdings in Jacobs Engineering Group were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in JEC. Integrated Investment Consultants LLC purchased a new position in shares of Jacobs Engineering Group during the 2nd quarter valued at approximately $102,000. Northwestern Mutual Wealth Management Co. lifted its holdings in 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 purchasing an additional 1,004 shares in the last quarter. Trust Department MB Financial Bank N A purchased a new position in Jacobs Engineering Group in the 2nd quarter valued at $213,000. Sawtooth Solutions LLC purchased a new position in Jacobs Engineering Group in the 2nd quarter valued at $221,000. Finally, Whittier Trust Co. lifted its holdings in Jacobs Engineering Group by 104.9% in the 2nd quarter. Whittier Trust Co. now owns 4,200 shares of the construction company’s stock valued at $224,000 after purchasing an additional 2,150 shares in the last quarter. Hedge funds and other institutional investors own 86.47% of the company’s stock.

JEC has been the topic of a number of research reports. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Jefferies Financial Group restated a “hold” rating and issued a $74.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. DA Davidson upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, August 6th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Finally, Citigroup upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Monday, October 22nd. 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 an average target price of $83.15.



Shares of JEC stock opened at $75.09 on Thursday. Jacobs Engineering Group Inc has a fifty-two week low of $55.21 and a fifty-two week high of $78.32. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.07 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 1.45.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.14. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The business had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the company earned $0.79 EPS. The company’s revenue for the quarter was up 65.3% on a year-over-year basis. Sell-side analysts expect that Jacobs Engineering Group Inc will post 4.38 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, September 28th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, September 27th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 18.52%.

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.

Further Reading: Why do company’s buyback their stock?

Want to see what other hedge funds are holding JEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Engineering Group Inc (NYSE:JEC).

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