MAI Capital Management Reduces Position in Jacobs Engineering Group Inc. (NYSE:J)

MAI Capital Management cut its position in Jacobs Engineering Group Inc. (NYSE:JGet Rating) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,167 shares of the company’s stock after selling 273 shares during the period. MAI Capital Management’s holdings in Jacobs Engineering Group were worth $441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Empirical Finance LLC grew its position in shares of Jacobs Engineering Group by 6.1% in the 3rd quarter. Empirical Finance LLC now owns 1,626 shares of the company’s stock valued at $215,000 after buying an additional 94 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Jacobs Engineering Group by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the company’s stock valued at $1,142,000 after buying an additional 100 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its position in shares of Jacobs Engineering Group by 4.8% in the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,180 shares of the company’s stock valued at $304,000 after buying an additional 100 shares during the last quarter. Signaturefd LLC grew its position in shares of Jacobs Engineering Group by 8.9% in the 4th quarter. Signaturefd LLC now owns 1,218 shares of the company’s stock valued at $170,000 after buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System grew its position in shares of Jacobs Engineering Group by 0.3% in the 4th quarter. State of Michigan Retirement System now owns 32,840 shares of the company’s stock valued at $4,572,000 after buying an additional 100 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

NYSE:J opened at $135.94 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $138.92 and a two-hundred day moving average price of $135.78. Jacobs Engineering Group Inc. has a twelve month low of $114.11 and a twelve month high of $150.32. The company has a market capitalization of $17.49 billion, a P/E ratio of 47.37, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80.

Jacobs Engineering Group (NYSE:JGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.04. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.74 billion. Jacobs Engineering Group had a net margin of 3.00% and a return on equity of 13.94%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $1.66 EPS. On average, equities research analysts predict that Jacobs Engineering Group Inc. will post 7.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 32.06%.

J has been the subject of a number of recent research reports. Credit Suisse Group decreased their price target on shares of Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating for the company in a research note on Wednesday, February 9th. StockNews.com upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Stifel Nicolaus initiated coverage on shares of Jacobs Engineering Group in a research note on Thursday, March 17th. They set a “buy” rating and a $159.00 price target for the company. Finally, Royal Bank of Canada initiated coverage on shares of Jacobs Engineering Group in a research note on Wednesday, April 27th. They issued an “outperform” rating and a $173.00 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Jacobs Engineering Group has a consensus rating of “Buy” and a consensus target price of $164.86.

About Jacobs Engineering Group (Get Rating)

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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

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