Kovitz Investment Group Partners LLC raised its position in Jacobs Engineering Group Inc. (NYSE:JEC) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 941,736 shares of the construction company’s stock after buying an additional 23,900 shares during the period. Jacobs Engineering Group comprises about 2.7% of Kovitz Investment Group Partners LLC’s portfolio, making the stock its 15th largest position. Kovitz Investment Group Partners LLC’s holdings in Jacobs Engineering Group were worth $51,221,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock worth $199,000 after buying an additional 25 shares during the last quarter. CIBC Asset Management Inc raised its stake in Jacobs Engineering Group by 0.3% in the second quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock worth $650,000 after buying an additional 34 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in Jacobs Engineering Group by 0.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,734 shares of the construction company’s stock worth $372,000 after buying an additional 38 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Jacobs Engineering Group by 0.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,712 shares of the construction company’s stock worth $260,000 after buying an additional 42 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its stake in Jacobs Engineering Group by 0.6% in the second quarter. Meeder Asset Management Inc. now owns 13,488 shares of the construction company’s stock worth $733,000 after buying an additional 75 shares during the last quarter. 87.41% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Engineering Group Inc. (JEC) opened at 54.12 on Wednesday. The firm has a market cap of $6.52 billion, a P/E ratio of 31.47 and a beta of 1.52. The company’s 50 day moving average is $53.53 and its 200-day moving average is $54.97. Jacobs Engineering Group Inc. has a 52-week low of $49.15 and a 52-week high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. On average, equities analysts predict that Jacobs Engineering Group Inc. will post $3.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio (DPR) is currently 34.88%.

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A number of research firms have weighed in on JEC. Citadel Securities lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $62.00 to $66.00 in a report on Tuesday. BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $64.00 price objective (up from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, April 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.17.

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

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