FDO Partners LLC trimmed its position in Jacobs Engineering Group Inc (NYSE:JEC) by 89.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,622 shares of the construction company’s stock after selling 30,008 shares during the period. FDO Partners LLC’s holdings in Jacobs Engineering Group were worth $211,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Swiss National Bank boosted its position in shares of Jacobs Engineering Group by 2.9% in the 2nd 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 during the last quarter. First Quadrant L P CA boosted its position in shares of Jacobs Engineering Group by 17.1% in the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock worth $17,618,000 after purchasing an additional 44,080 shares during the last quarter. Greenwood Capital Associates LLC boosted its position in shares of Jacobs Engineering Group by 6.4% in the 2nd 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 during the last quarter. Legal & General Group Plc boosted its position in shares of Jacobs Engineering Group by 6.0% in the 2nd 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 during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Jacobs Engineering Group by 61.5% in the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.

JEC has been the topic of several recent research reports. Robert W. Baird restated a “hold” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research report on Friday, November 24th. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. KeyCorp raised their price target on Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Finally, Argus restated a “buy” rating and issued a $73.00 price target on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Jacobs Engineering Group presently has an average rating of “Hold” and a consensus price target of $67.44.

In related news, Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the sale, the director now owns 30,496 shares of the company’s stock, valued at approximately $1,921,552.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.49% of the company’s stock.

Shares of Jacobs Engineering Group Inc (JEC) traded down $0.23 during trading on Wednesday, reaching $66.46. The company had a trading volume of 795,500 shares, compared to its average volume of 820,786. The firm has a market cap of $8,033.88, a P/E ratio of 20.65, a PEG ratio of 1.45 and a beta of 1.56. Jacobs Engineering Group Inc has a twelve month low of $49.31 and a twelve month high of $67.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.16. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The firm’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.77 EPS. equities research analysts predict that Jacobs Engineering Group Inc will post 3.44 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Thursday, October 12th. Jacobs Engineering Group’s payout ratio is presently 24.69%.

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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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