BTR Capital Management Inc. lowered its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,105 shares of the company’s stock after selling 3,375 shares during the period. BTR Capital Management Inc.’s holdings in Jacobs Engineering Group were worth $2,178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Jacobs Engineering Group by 2.3% in the second quarter. Vanguard Group Inc. now owns 10,809,242 shares of the company’s stock valued at $538,408,000 after buying an additional 246,367 shares during the last quarter. State Street Corp raised its position in shares of Jacobs Engineering Group by 0.3% in the second quarter. State Street Corp now owns 4,785,850 shares of the company’s stock valued at $238,397,000 after buying an additional 13,927 shares during the last quarter. Boston Partners raised its position in shares of Jacobs Engineering Group by 5,194.5% in the second quarter. Boston Partners now owns 3,445,961 shares of the company’s stock valued at $171,643,000 after buying an additional 3,380,875 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Jacobs Engineering Group by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,099,256 shares of the company’s stock valued at $154,365,000 after buying an additional 62,634 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Jacobs Engineering Group by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 2,525,756 shares of the company’s stock valued at $125,809,000 after buying an additional 26,938 shares during the last quarter. Institutional investors own 86.63% of the company’s stock.

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

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded down 0.32% during trading on Tuesday, hitting $61.72. 1,371,663 shares of the stock were exchanged. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 35.68 and a beta of 1.61. The stock’s 50 day moving average is $53.57 and its 200-day moving average is $52.22. Jacobs Engineering Group Inc. has a 12-month low of $34.76 and a 12-month high of $62.62.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.77. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Jacobs Engineering Group had a net margin of 1.92% and a return on equity of 8.48%. The business’s revenue was down 15.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. Equities research analysts anticipate that Jacobs Engineering Group Inc. will post $3.20 EPS for the current year.

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JEC has been the topic of several recent analyst reports. TheStreet lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. MKM Partners set a $57.00 price target on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research report on Thursday, November 24th. Deutsche Bank AG increased their price target on shares of Jacobs Engineering Group from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Wednesday, November 23rd. Credit Suisse Group AG increased their price target on shares of Jacobs Engineering Group from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, November 23rd. Finally, Jefferies Group reiterated a “buy” rating and issued a $54.00 price target on shares of Jacobs Engineering Group in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.41.

In other news, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $51.71, for a total value of $3,447,402.28. Following the transaction, the director now directly owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.16% of the stock is currently owned by insiders.

About Jacobs Engineering Group

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.

5 Day Chart for NYSE:JEC

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