Amalgamated Bank lifted its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,465 shares of the construction company’s stock after purchasing an additional 4,343 shares during the period. Amalgamated Bank’s holdings in Jacobs Engineering Group were worth $1,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank lifted its position in shares of Jacobs Engineering Group by 2.9% during the second quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after purchasing an additional 12,500 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Jacobs Engineering Group by 6.0% during the second quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock worth $38,928,000 after purchasing an additional 40,249 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in shares of Jacobs Engineering Group by 6.4% during the second quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock worth $427,000 after purchasing an additional 470 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of Jacobs Engineering Group by 25.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,439 shares of the construction company’s stock worth $1,130,000 after purchasing an additional 4,135 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Jacobs Engineering Group by 61.5% during the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after purchasing an additional 122,362 shares in the last quarter. 86.11% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently commented on JEC. BidaskClub raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and set a $61.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. KeyCorp restated a “buy” rating and issued a $60.00 price target on shares of Jacobs Engineering Group in a research note on Friday, August 25th. Finally, Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $61.89.

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Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 57.54 on Friday. Jacobs Engineering Group Inc. has a 52 week low of $49.15 and a 52 week high of $63.42. The company has a 50 day moving average of $53.34 and a 200-day moving average of $53.88. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 30.61 and a beta of 1.52.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the consensus estimate 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 period in the prior year, the business earned $0.78 earnings per share. Jacobs Engineering Group’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts expect that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were given a $0.15 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.04%. Jacobs Engineering Group’s dividend payout ratio is 31.75%.

Jacobs Engineering Group 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.

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

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