United Asset Strategies Inc. increased its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 164.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,058 shares of the construction company’s stock after buying an additional 43,615 shares during the period. United Asset Strategies Inc.’s holdings in Jacobs Engineering Group were worth $3,810,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in Jacobs Engineering Group by 25.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,439 shares of the construction company’s stock valued at $1,130,000 after buying an additional 4,135 shares during the period. Norway Savings Bank raised its position in Jacobs Engineering Group by 8.2% in the first quarter. Norway Savings Bank now owns 6,695 shares of the construction company’s stock valued at $370,000 after buying an additional 510 shares during the period. BlackRock Inc. raised its position in Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after buying an additional 7,638,632 shares during the period. HL Financial Services LLC acquired a new position in Jacobs Engineering Group during the first quarter valued at $3,947,000. Finally, Chevy Chase Trust Holdings Inc. raised its position in Jacobs Engineering Group by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 104,370 shares of the construction company’s stock valued at $5,770,000 after buying an additional 3,469 shares during the period. 87.41% of the stock is owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 52.58 on Friday. Jacobs Engineering Group Inc. has a 52 week low of $49.15 and a 52 week high of $63.42. The firm has a market capitalization of $6.33 billion, a P/E ratio of 27.97 and a beta of 1.52. The stock has a 50 day moving average price of $53.51 and a 200 day moving average price of $54.82.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, meeting the consensus estimate of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. Analysts forecast that Jacobs Engineering Group Inc. will post $3.13 EPS for the current 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is currently 31.75%.

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Several research analysts have recently weighed in on JEC shares. Credit Suisse Group reissued a “buy” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, April 21st. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday. BidaskClub raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $64.00 price objective (up from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.30.

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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