Neville Rodie & Shaw Inc. Lowers Holdings in Jacobs Engineering Group Inc (NYSE:JEC)

Neville Rodie & Shaw Inc. trimmed its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 1.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 121,423 shares of the construction company’s stock after selling 1,475 shares during the quarter. Jacobs Engineering Group comprises approximately 1.2% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 24th biggest position. Neville Rodie & Shaw Inc. owned about 0.09% of Jacobs Engineering Group worth $11,110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JEC. Arcadia Investment Management Corp MI purchased a new stake in Jacobs Engineering Group during the 2nd quarter valued at $25,000. Hanson & Doremus Investment Management bought a new position in Jacobs Engineering Group in the 2nd quarter valued at $26,000. Weaver Consulting Group bought a new position in shares of Jacobs Engineering Group during the 1st quarter worth $32,000. Johnson Financial Group Inc. bought a new position in shares of Jacobs Engineering Group during the 2nd quarter worth $34,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Jacobs Engineering Group during the 2nd quarter worth $59,000. Institutional investors own 90.54% of the company’s stock.

A number of equities analysts have recently issued reports on JEC shares. KeyCorp increased their price target on Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. DA Davidson increased their price target on Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Cowen reissued a “buy” rating and set a $92.00 price target on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th. ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Credit Suisse Group upped their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $87.81.

Shares of NYSE:JEC traded down $0.57 during trading on Thursday, hitting $87.32. The stock had a trading volume of 16,542 shares, compared to its average volume of 1,191,524. Jacobs Engineering Group Inc has a 12-month low of $55.17 and a 12-month high of $94.10. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.72 and a beta of 1.34. 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 stock has a 50-day simple moving average of $88.80 and a two-hundred day simple moving average of $81.72.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.15. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Jacobs Engineering Group Inc will post 4.85 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, October 3rd. Jacobs Engineering Group’s payout ratio is 15.21%.

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.

Further Reading: What defines an oversold asset?

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.