Boston Private Wealth LLC Makes New Investment in Jacobs Engineering Group Inc. (NYSE:J)

Boston Private Wealth LLC bought a new stake in Jacobs Engineering Group Inc. (NYSE:J) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,513 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of J. Trustcore Financial Services LLC lifted its holdings in shares of Jacobs Engineering Group by 310.0% in the 3rd quarter. Trustcore Financial Services LLC now owns 205 shares of the company’s stock valued at $27,000 after purchasing an additional 155 shares during the last quarter. Berman Capital Advisors LLC lifted its stake in Jacobs Engineering Group by 170.1% in the third quarter. Berman Capital Advisors LLC now owns 289 shares of the company’s stock valued at $38,000 after buying an additional 182 shares during the last quarter. Old North State Trust LLC boosted its holdings in shares of Jacobs Engineering Group by 116.2% in the third quarter. Old North State Trust LLC now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 172 shares during the period. Wolff Wiese Magana LLC purchased a new position in shares of Jacobs Engineering Group during the third quarter worth approximately $48,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Jacobs Engineering Group in the 3rd quarter valued at $49,000. 85.66% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on J. Barclays raised their price objective on shares of Jacobs Engineering Group from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, December 17th. Citigroup boosted their price target on Jacobs Engineering Group from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 24th. Robert W. Baird increased their price objective on Jacobs Engineering Group from $145.00 to $161.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 24th. Credit Suisse Group boosted their target price on Jacobs Engineering Group from $156.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, November 24th. Finally, Raymond James assumed coverage on Jacobs Engineering Group in a report on Thursday, November 18th. They set an “outperform” rating and a $170.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Jacobs Engineering Group has a consensus rating of “Buy” and a consensus target price of $162.89.

In other Jacobs Engineering Group news, CEO Steven J. Demetriou sold 98,739 shares of the business’s stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $145.76, for a total transaction of $14,392,196.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin C. Berryman sold 73,685 shares of the firm’s stock in a transaction on Wednesday, November 17th. The shares were sold at an average price of $145.74, for a total value of $10,738,851.90. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Jacobs Engineering Group stock opened at $132.92 on Friday. The stock’s 50 day moving average price is $140.95 and its 200 day moving average price is $136.69. Jacobs Engineering Group Inc. has a 1-year low of $100.05 and a 1-year high of $149.55. The company has a market cap of $17.21 billion, a PE ratio of 41.54, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.34.

Jacobs Engineering Group (NYSE:J) last released its earnings results on Tuesday, November 23rd. The company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.01. Jacobs Engineering Group had a return on equity of 13.57% and a net margin of 3.38%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.80 billion. During the same quarter last year, the company earned $1.63 earnings per share. Jacobs Engineering Group’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Jacobs Engineering Group Inc. will post 7.11 EPS for the current fiscal year.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People & Places Solutions segments. The Critical Mission Solutions provides a full spectrum of cyber, data analytics, systems and software application integration and consulting services.

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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:J)

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