Neville Rodie & Shaw Inc. lessened its holdings in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 130,730 shares of the construction company’s stock after selling 1,400 shares during the period. Neville Rodie & Shaw Inc. owned approximately 0.11% of Jacobs Engineering Group worth $7,618,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Swiss National Bank grew its holdings in Jacobs Engineering Group by 2.9% in the second quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock valued at $23,988,000 after purchasing an additional 12,500 shares during the last quarter. Legal & General Group Plc grew its holdings in Jacobs Engineering Group by 6.0% in the second quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock valued at $38,928,000 after purchasing an additional 40,249 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in Jacobs Engineering Group by 6.4% in the second quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock valued at $427,000 after purchasing an additional 470 shares during the last quarter. Prudential Financial Inc. grew its holdings in Jacobs Engineering Group by 61.5% in the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock valued at $17,476,000 after purchasing an additional 122,362 shares during the last quarter. Finally, BlackRock Inc. grew its holdings 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 purchasing an additional 7,638,632 shares during the last quarter. 86.15% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Jacobs Engineering Group Inc. (NYSE JEC) traded up 0.09% during mid-day trading on Wednesday, hitting $58.28. The stock had a trading volume of 102,573 shares. The company has a 50 day moving average price of $56.71 and a 200 day moving average price of $54.25. The firm has a market cap of $7.01 billion, a P/E ratio of 31.00 and a beta of 1.53. Jacobs Engineering Group Inc. has a 12-month low of $49.16 and a 12-month 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 Zacks’ consensus estimate of $0.79. The business had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. Equities analysts forecast that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Friday, October 13th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, October 12th. Jacobs Engineering Group’s payout ratio is 31.75%.

Several research firms have weighed in on JEC. Zacks Investment Research raised Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a report on Tuesday. BidaskClub lowered Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. 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. Robert W. Baird reissued a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a report on Friday, October 6th. Finally, Citigroup Inc. lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $62.33.

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.

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

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