Investors Buy Large Volume of Jacobs Engineering Group Call Options (NYSE:JEC)

Jacobs Engineering Group Inc (NYSE:JEC) saw some unusual options trading activity on Monday. Stock investors bought 2,113 call options on the stock. This represents an increase of approximately 1,204% compared to the typical volume of 162 call options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. South Texas Money Management Ltd. boosted its stake in Jacobs Engineering Group by 21.1% in the 2nd quarter. South Texas Money Management Ltd. now owns 3,391 shares of the construction company’s stock worth $286,000 after purchasing an additional 591 shares during the period. Carroll Financial Associates Inc. boosted its stake in Jacobs Engineering Group by 724.8% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,299 shares of the construction company’s stock worth $278,000 after purchasing an additional 2,899 shares during the period. First American Trust FSB boosted its stake in Jacobs Engineering Group by 3.1% in the 2nd quarter. First American Trust FSB now owns 67,664 shares of the construction company’s stock worth $5,710,000 after purchasing an additional 2,061 shares during the period. Crossmark Global Holdings Inc. boosted its stake in Jacobs Engineering Group by 6.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,350 shares of the construction company’s stock worth $1,549,000 after purchasing an additional 1,039 shares during the period. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in Jacobs Engineering Group in the 2nd quarter worth $7,735,000. Institutional investors and hedge funds own 90.70% of the company’s stock.

Shares of JEC traded up $0.36 during trading hours on Tuesday, reaching $95.48. The stock had a trading volume of 12,897 shares, compared to its average volume of 718,616. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. Jacobs Engineering Group has a 52 week low of $55.17 and a 52 week high of $98.08. The firm has a 50-day moving average of $92.50 and a 200 day moving average of $85.13. The company has a market cap of $12.82 billion, a P/E ratio of 21.37, a P/E/G ratio of 1.54 and a beta of 1.36.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Thursday, October 3rd. Jacobs Engineering Group’s dividend payout ratio is currently 15.21%.

JEC has been the subject of several recent research reports. Zacks Investment Research upgraded 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 research report on Friday, August 16th. DA Davidson upped their target price on shares of Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. KeyCorp upped their target price on shares of Jacobs Engineering Group from $90.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Cowen reiterated a “buy” rating and set a $92.00 target price on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th. Finally, ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Jacobs Engineering Group presently has a consensus rating of “Buy” and an average target price of $88.89.

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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