Jacobs Engineering Group Inc (NYSE:JEC) Position Reduced by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC cut its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 10.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,162 shares of the construction company’s stock after selling 1,805 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Jacobs Engineering Group were worth $1,364,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JEC. FMR LLC increased its position in Jacobs Engineering Group by 15.5% in the first quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock worth $442,405,000 after purchasing an additional 791,261 shares during the period. Geode Capital Management LLC increased its position in Jacobs Engineering Group by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 1,723,590 shares of the construction company’s stock worth $100,600,000 after purchasing an additional 131,056 shares during the period. Investec Asset Management LTD increased its position in Jacobs Engineering Group by 1.5% in the second quarter. Investec Asset Management LTD now owns 1,706,150 shares of the construction company’s stock worth $143,982,000 after purchasing an additional 25,787 shares during the period. AGF Investments Inc. increased its position in Jacobs Engineering Group by 4.2% in the second quarter. AGF Investments Inc. now owns 1,010,774 shares of the construction company’s stock worth $85,299,000 after purchasing an additional 40,366 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in Jacobs Engineering Group by 2.0% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 548,952 shares of the construction company’s stock worth $46,326,000 after purchasing an additional 10,746 shares during the period. 94.48% of the stock is owned by institutional investors.

Shares of JEC traded up $1.21 on Thursday, hitting $81.98. The company’s stock had a trading volume of 20,913 shares, compared to its average volume of 967,951. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. The business has a fifty day moving average of $84.08. Jacobs Engineering Group Inc has a fifty-two week low of $55.17 and a fifty-two week high of $86.43. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.41.



Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Monday, August 5th. The construction company reported $1.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. Sell-side analysts expect that Jacobs Engineering Group Inc will post 4.84 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 15.21%.

Several equities analysts have recently issued reports on the company. Credit Suisse Group boosted their target price on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. KeyCorp boosted their price objective on Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. DA Davidson boosted their price objective on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Zacks Investment Research lowered Jacobs Engineering Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, Barclays reiterated an “overweight” rating and issued a $85.00 price objective on shares of Jacobs Engineering Group in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $87.07.

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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