Boston Partners lowered its position in Jacobs Engineering Group Inc. (NYSE:JEC) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,348 shares of the construction company’s stock after selling 1,111 shares during the period. Boston Partners’ holdings in Jacobs Engineering Group were worth $7,634,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. increased its position 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 valued at $199,000 after buying an additional 25 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of 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 valued at $650,000 after buying an additional 34 shares during the last quarter. Jaffetilchin Investment Partners LLC boosted its position in shares of 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 valued at $372,000 after buying an additional 38 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 valued at $260,000 after buying an additional 42 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of 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 valued at $733,000 after buying an additional 75 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 50.25 on Friday. Jacobs Engineering Group Inc. has a 52 week low of $49.15 and a 52 week high of $63.42. The firm’s 50-day moving average price is $53.26 and its 200-day moving average price is $54.55. The firm has a market cap of $6.05 billion, a price-to-earnings ratio of 26.73 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. Equities research analysts expect that Jacobs Engineering Group Inc. will post $3.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. Jacobs Engineering Group’s payout ratio is presently 31.75%.

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Several research firms recently weighed in on JEC. Credit Suisse Group restated a “buy” rating and set a $69.00 target price on shares of Jacobs Engineering Group in a research note on Friday, April 21st. Robert W. Baird reiterated a “neutral” rating and issued a $64.00 price objective (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Citigroup Inc. cut Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $62.30.

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.

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

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