Victory Capital Management Inc. lowered its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 98.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,507 shares of the construction company’s stock after selling 2,495,153 shares during the period. Victory Capital Management Inc.’s holdings in Jacobs Engineering Group were worth $1,894,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Jacobs Engineering Group by 1.3% during the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after acquiring an additional 150,333 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Jacobs Engineering Group by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,171,451 shares of the construction company’s stock valued at $172,489,000 after acquiring an additional 20,995 shares in the last quarter. Wells Fargo & Company MN grew its stake in Jacobs Engineering Group by 373.8% during the second quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock valued at $129,336,000 after acquiring an additional 1,876,081 shares in the last quarter. FIL Ltd grew its stake in Jacobs Engineering Group by 7.8% during the second quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock valued at $121,786,000 after acquiring an additional 162,167 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Jacobs Engineering Group by 10.9% during the second quarter. Bank of New York Mellon Corp now owns 1,251,917 shares of the construction company’s stock valued at $68,093,000 after acquiring an additional 122,542 shares in the last quarter. 85.16% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/20/jacobs-engineering-group-inc-jec-position-reduced-by-victory-capital-management-inc.html.

Several equities analysts recently commented on JEC shares. BidaskClub cut shares of Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Citigroup Inc. cut shares of 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $62.63.

Jacobs Engineering Group Inc. (NYSE:JEC) opened at $58.63 on Monday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.07. Jacobs Engineering Group Inc. has a 12 month low of $49.31 and a 12 month high of $63.42. The company has a market cap of $7,054.08, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.68 and a beta of 1.51.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Friday, October 13th were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. Jacobs Engineering Group’s dividend payout ratio is presently 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.

Want to see what other hedge funds are holding JEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Engineering Group Inc. (NYSE:JEC).

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

Receive News & Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.