Robert W. Baird set a $75.00 price objective on Jacobs Engineering Group (NYSE:JEC) in a report issued on Wednesday, February 7th. The firm currently has a hold rating on the construction company’s stock.
A number of other brokerages have also commented on JEC. UBS Group raised shares of Jacobs Engineering Group from a neutral rating to a buy rating and set a $82.00 price objective for the company in a research report on Monday, January 29th. Barclays increased their price target on shares of Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a buy rating in a research report on Wednesday, January 24th. Goldman Sachs Group raised shares of Jacobs Engineering Group from a sell rating to a neutral rating in a research report on Tuesday, January 30th. Credit Suisse Group reaffirmed an outperform rating and set a $82.00 price objective on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Finally, Zacks Investment Research raised shares of Jacobs Engineering Group from a hold rating to a buy rating and set a $76.00 price objective on the stock in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of Hold and an average target price of $74.00.
Shares of Jacobs Engineering Group (JEC) traded down $0.26 during trading hours on Wednesday, reaching $63.25. 586,262 shares of the company were exchanged, compared to its average volume of 1,264,382. The company has a market capitalization of $8,821.88, a PE ratio of 32.39, a PEG ratio of 1.16 and a beta of 1.49. Jacobs Engineering Group has a 12-month low of $49.31 and a 12-month high of $72.18. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.95%. Jacobs Engineering Group’s payout ratio is presently 30.77%.
In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the firm’s 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 transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.74% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in shares of Jacobs Engineering Group by 68.7% during the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock worth $233,784,000 after acquiring an additional 1,634,127 shares during the period. First Quadrant L P CA raised its holdings in shares of Jacobs Engineering Group by 17.1% during the third quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock worth $17,618,000 after acquiring an additional 44,080 shares during the period. Hahn Capital Management LLC raised its holdings in shares of Jacobs Engineering Group by 1.0% during the third quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock worth $38,943,000 after acquiring an additional 6,434 shares during the period. Waters Parkerson & CO. LLC raised its holdings in shares of Jacobs Engineering Group by 2.5% during the third quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock worth $12,427,000 after acquiring an additional 5,295 shares during the period. Finally, Exane Derivatives acquired a new stake in shares of Jacobs Engineering Group during the third quarter worth $789,000. Institutional investors own 71.51% of the company’s stock.
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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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