Northern Trust Corp Boosts Position in Jacobs Engineering Group Inc (NYSE:JEC)

Northern Trust Corp boosted its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 7.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,419,038 shares of the construction company’s stock after buying an additional 98,628 shares during the quarter. Northern Trust Corp’s holdings in Jacobs Engineering Group were worth $119,753,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of JEC. Monarch Capital Management Inc. increased its holdings in shares of Jacobs Engineering Group by 0.5% during the 2nd quarter. Monarch Capital Management Inc. now owns 28,527 shares of the construction company’s stock valued at $2,407,000 after purchasing an additional 130 shares in the last quarter. LS Investment Advisors LLC increased its holdings in shares of Jacobs Engineering Group by 1.8% during the 2nd quarter. LS Investment Advisors LLC now owns 8,939 shares of the construction company’s stock valued at $754,000 after purchasing an additional 160 shares in the last quarter. Smith Salley & Associates increased its holdings in shares of Jacobs Engineering Group by 4.1% during the 2nd quarter. Smith Salley & Associates now owns 4,042 shares of the construction company’s stock valued at $341,000 after purchasing an additional 161 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its holdings in shares of Jacobs Engineering Group by 5.5% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 3,432 shares of the construction company’s stock valued at $258,000 after purchasing an additional 178 shares in the last quarter. Finally, ETF Managers Group LLC increased its holdings in shares of Jacobs Engineering Group by 8.1% during the 1st quarter. ETF Managers Group LLC now owns 2,431 shares of the construction company’s stock valued at $183,000 after purchasing an additional 182 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on JEC shares. DA Davidson lifted their target price on shares of Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Credit Suisse Group lifted their target price on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Cowen reaffirmed a “buy” rating and set a $92.00 target price on shares of Jacobs Engineering Group in a report on Tuesday, August 20th. KeyCorp lifted their target price on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Finally, Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a report on Friday, August 16th. Thirteen equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $87.81.



NYSE JEC traded up $1.24 on Friday, hitting $91.62. The company had a trading volume of 27,719 shares, compared to its average volume of 930,102. The company has a market capitalization of $12.19 billion, a PE ratio of 20.52, a PEG ratio of 1.69 and a beta of 1.37. The company’s fifty day moving average price is $85.77 and its 200-day moving average price is $79.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.36 and a quick ratio of 1.36. Jacobs Engineering Group Inc has a 12-month low of $55.17 and a 12-month high of $93.93.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.25 by $0.15. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.10 billion. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 EPS. On average, sell-side analysts anticipate that Jacobs Engineering Group Inc will post 4.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, July 25th. Jacobs Engineering Group’s payout ratio is presently 15.21%.

Jacobs Engineering Group Company 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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