Fox Run Management L.L.C. raised its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 355.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,950 shares of the construction company’s stock after acquiring an additional 12,450 shares during the period. Fox Run Management L.L.C.’s holdings in Jacobs Engineering Group were worth $1,052,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Whittier Trust Co. grew its position in Jacobs Engineering Group by 141.2% in the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after acquiring an additional 1,200 shares during the last quarter. Advisor Group Inc. grew its position in Jacobs Engineering Group by 18.8% in the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after acquiring an additional 339 shares during the last quarter. Jarislowsky Fraser Ltd bought a new position in Jacobs Engineering Group in the third quarter valued at about $186,000. Palisade Capital Management LLC NJ bought a new position in Jacobs Engineering Group in the third quarter valued at about $206,000. Finally, MPS Loria Financial Planners LLC bought a new position in Jacobs Engineering Group in the second quarter valued at about $209,000. Hedge funds and other institutional investors own 72.15% of the company’s stock.
Shares of Jacobs Engineering Group Inc (NYSE JEC) opened at $69.39 on Friday. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $70.35. The company has a market capitalization of $9,830.89, a PE ratio of 28.56, a PEG ratio of 1.40 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.86%. Jacobs Engineering Group’s dividend payout ratio is currently 24.69%.
JEC has been the topic of a number of recent analyst reports. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Argus reissued a “buy” rating and set a $73.00 price target on shares of Jacobs Engineering Group in a research note on Monday, November 27th. They noted that the move was a valuation call. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, January 8th. DA Davidson reissued a “hold” rating and set a $68.00 price target on shares of Jacobs Engineering Group in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. Finally, Citigroup set a $64.00 price target on Jacobs Engineering Group and gave the company a “hold” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $70.40.
In related news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total value of $385,936.25. Following the transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.74% of the stock is owned by insiders.
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Jacobs Engineering Group Company 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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