Jarislowsky Fraser Ltd bought a new position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,200 shares of the construction company’s stock, valued at approximately $186,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JEC. Advisor Group Inc. raised its stake in Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after acquiring an additional 339 shares during the period. Whittier Trust Co. grew its holdings in Jacobs Engineering Group by 141.2% during the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after buying an additional 1,200 shares in the last quarter. First Manhattan Co. grew its holdings in Jacobs Engineering Group by 1,013.6% during the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock valued at $129,000 after buying an additional 2,169 shares in the last quarter. Palisade Capital Management LLC NJ purchased a new position in shares of Jacobs Engineering Group in the third quarter valued at $206,000. Finally, Bridgewater Associates LP purchased a new position in Jacobs Engineering Group during the second quarter worth $207,000. Institutional investors own 83.33% of the company’s stock.
Shares of Jacobs Engineering Group Inc. (JEC) traded down $1.88 during trading hours on Wednesday, hitting $57.94. The stock had a trading volume of 618,400 shares, compared to its average volume of 816,835. The stock has a market capitalization of $7,197.25, a P/E ratio of 19.81, a P/E/G ratio of 1.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. Jacobs Engineering Group Inc. has a twelve month low of $49.31 and a twelve month high of $63.42.
The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.
Several analysts recently weighed in on JEC shares. Robert W. Baird restated a “hold” rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a report on Friday, October 6th. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, October 17th. Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research report on Thursday, August 3rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $60.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $62.56.
Jacobs Engineering Group Profile
Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
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