TCW Group Inc. reduced its position in Jacobs Engineering Group Inc. (NYSE:JEC) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 50,888 shares of the construction company’s stock after selling 9,305 shares during the period. TCW Group Inc.’s holdings in Jacobs Engineering Group were worth $2,965,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Swiss National Bank raised its stake in Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock valued at $23,988,000 after acquiring an additional 12,500 shares during the last quarter. Legal & General Group Plc raised its stake in Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock valued at $38,928,000 after acquiring an additional 40,249 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock valued at $427,000 after acquiring an additional 470 shares during the last quarter. First Quadrant L P CA raised its stake in Jacobs Engineering Group by 17.1% during the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock valued at $17,618,000 after acquiring an additional 44,080 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock valued at $17,476,000 after acquiring an additional 122,362 shares during the last quarter. 83.33% of the stock is owned by institutional investors and hedge funds.

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Jacobs Engineering Group Inc. (NYSE JEC) traded up $1.08 on Friday, hitting $58.43. The company had a trading volume of 581,000 shares, compared to its average volume of 814,099. The firm has a market cap of $6,900.07, a PE ratio of 18.99, a P/E/G ratio of 1.65 and a beta of 1.51. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.07. Jacobs Engineering Group Inc. has a 1-year low of $49.31 and a 1-year high of $63.42.

The company also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were 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 was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is currently 31.75%.

JEC has been the subject of several analyst reports. KeyCorp reaffirmed a “buy” rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 25th. ValuEngine downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Citigroup Inc. set a $64.00 price objective on Jacobs Engineering Group and gave the company a “hold” rating in a research note on Friday, October 27th. Robert W. Baird reiterated a “hold” rating and set a $63.00 target price on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Hold” and a consensus price target of $62.63.

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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