Perella Weinberg Partners Capital Management LP Invests $2.28 Million in Jacobs Engineering Group Inc (JEC)

Perella Weinberg Partners Capital Management LP bought a new stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) in the first quarter, HoldingsChannel reports. The institutional investor bought 30,286 shares of the construction company’s stock, valued at approximately $2,277,000.

Several other institutional investors have also made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Jacobs Engineering Group by 60.0% during the 3rd quarter. AQR Capital Management LLC now owns 34,023 shares of the construction company’s stock worth $2,603,000 after buying an additional 12,759 shares during the period. Vanguard Group Inc grew its holdings in Jacobs Engineering Group by 0.8% during the third quarter. Vanguard Group Inc now owns 13,850,966 shares of the construction company’s stock valued at $1,059,598,000 after purchasing an additional 107,375 shares during the period. Cerebellum GP LLC grew its holdings in Jacobs Engineering Group by 70.1% during the fourth quarter. Cerebellum GP LLC now owns 4,178 shares of the construction company’s stock valued at $244,000 after purchasing an additional 1,722 shares during the period. State of Alaska Department of Revenue grew its holdings in Jacobs Engineering Group by 7.8% during the fourth quarter. State of Alaska Department of Revenue now owns 25,320 shares of the construction company’s stock valued at $1,479,000 after purchasing an additional 1,837 shares during the period. Finally, Endurance Wealth Management Inc. grew its holdings in Jacobs Engineering Group by 8.4% during the fourth quarter. Endurance Wealth Management Inc. now owns 65,978 shares of the construction company’s stock valued at $3,857,000 after purchasing an additional 5,099 shares during the period. Institutional investors own 88.96% of the company’s stock.

Shares of JEC stock opened at $75.81 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.58 and a current ratio of 1.52. The firm has a market capitalization of $10.74 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.67 and a beta of 1.44. Jacobs Engineering Group Inc has a 12 month low of $55.17 and a 12 month high of $82.24.



Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.10. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.13 billion. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Analysts anticipate that Jacobs Engineering Group Inc will post 4.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, May 16th. Jacobs Engineering Group’s dividend payout ratio is presently 15.21%.

Jacobs Engineering Group announced that its Board of Directors has approved a share buyback program on Thursday, January 17th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 11.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

JEC has been the subject of a number of analyst reports. MKM Partners boosted their price objective on shares of Jacobs Engineering Group to $87.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Cowen set a $82.00 price target on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Citigroup set a $83.00 price target on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Robert W. Baird set a $83.00 price target on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus target price of $84.55.

In other news, SVP Michael R. Tyler sold 656 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $76.22, for a total value of $50,000.32. Following the sale, the senior vice president now owns 26,494 shares of the company’s stock, valued at $2,019,372.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Michael R. Tyler sold 650 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $75.69, for a total transaction of $49,198.50. Following the completion of the sale, the senior vice president now directly owns 25,844 shares in the company, valued at approximately $1,956,132.36. The disclosure for this sale can be found here. In the last three months, insiders sold 36,774 shares of company stock worth $2,688,356. 0.92% of the stock is currently owned by insiders.

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About Jacobs Engineering Group

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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