SRS Capital Advisors Inc. Invests $148,000 in Jacobs Engineering Group Inc (JEC)

SRS Capital Advisors Inc. acquired a new stake in Jacobs Engineering Group Inc (NYSE:JEC) in the 3rd quarter, HoldingsChannel reports. The fund acquired 1,932 shares of the construction company’s stock, valued at approximately $148,000.

Several other institutional investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Jacobs Engineering Group by 11.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 7,470 shares of the construction company’s stock valued at $474,000 after buying an additional 752 shares during the period. MainStreet Investment Advisors LLC raised its position in shares of Jacobs Engineering Group by 9.3% during the second quarter. MainStreet Investment Advisors LLC now owns 8,865 shares of the construction company’s stock worth $563,000 after purchasing an additional 756 shares during the period. Vident Investment Advisory LLC raised its position in shares of Jacobs Engineering Group by 1.5% during the second quarter. Vident Investment Advisory LLC now owns 50,548 shares of the construction company’s stock worth $3,209,000 after purchasing an additional 756 shares during the period. Commerce Bank raised its position in shares of Jacobs Engineering Group by 8.4% during the third quarter. Commerce Bank now owns 9,871 shares of the construction company’s stock worth $755,000 after purchasing an additional 766 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Jacobs Engineering Group by 1.3% during the second quarter. PNC Financial Services Group Inc. now owns 62,321 shares of the construction company’s stock worth $3,957,000 after purchasing an additional 783 shares during the period. Institutional investors and hedge funds own 85.97% of the company’s stock.

A number of brokerages have recently issued reports on JEC. Citigroup boosted their target price on Jacobs Engineering Group from $69.00 to $70.00 and gave the stock a “$66.12” rating in a research report on Monday, July 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $82.00 target price (up from $73.00) on shares of Jacobs Engineering Group in a research report on Monday, August 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $74.00 target price on shares of Jacobs Engineering Group in a research report on Tuesday, August 7th. KeyCorp boosted their target price on Jacobs Engineering Group from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 7th. Finally, Credit Suisse Group boosted their target price on Jacobs Engineering Group from $86.00 to $88.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and an average target price of $83.15.

Shares of Jacobs Engineering Group stock opened at $77.25 on Friday. The firm has a market cap of $11.48 billion, a PE ratio of 23.84, a P/E/G ratio of 1.20 and a beta of 1.41. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.39. Jacobs Engineering Group Inc has a 12-month low of $55.21 and a 12-month high of $82.24.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Investors of record on Friday, September 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.78%. The ex-dividend date was Thursday, September 27th. Jacobs Engineering Group’s payout ratio is 18.52%.

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About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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