ING Groep NV grew its position in Jacobs Engineering Group Inc (NYSE:JEC) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,454 shares of the construction company’s stock after buying an additional 1,056 shares during the quarter. ING Groep NV’s holdings in Jacobs Engineering Group were worth $756,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in JEC. GSA Capital Partners LLP acquired a new position in shares of Jacobs Engineering Group in the second quarter worth about $225,000. Advisor Group Inc. boosted its holdings in shares of Jacobs Engineering Group by 18.8% in the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after buying an additional 339 shares during the period. Stifel Financial Corp boosted its holdings in shares of Jacobs Engineering Group by 31.9% in the second quarter. Stifel Financial Corp now owns 12,135 shares of the construction company’s stock worth $662,000 after buying an additional 2,936 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Jacobs Engineering Group by 198.1% in the second quarter. Janus Henderson Group PLC now owns 33,217 shares of the construction company’s stock worth $1,807,000 after buying an additional 22,074 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Jacobs Engineering Group by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 142,459 shares of the construction company’s stock worth $7,749,000 after buying an additional 4,835 shares during the period. Institutional investors own 71.51% of the company’s stock.
Several research analysts have commented on the stock. Bank of America raised their target price on shares of Jacobs Engineering Group from $62.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Jefferies Group set a $70.00 target price on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Wednesday, February 7th. Robert W. Baird set a $75.00 target price on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a report on Wednesday, February 7th. Alembic Global Advisors reiterated a “buy” rating on shares of Jacobs Engineering Group in a report on Monday. Finally, Goldman Sachs Group upgraded shares of Jacobs Engineering Group from a “sell” rating to a “neutral” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $74.00.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.56 billion. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. research analysts anticipate that Jacobs Engineering Group Inc will post 4.01 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 30.77%.
In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is owned by corporate insiders.
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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