Point72 Asset Management L.P. bought a new stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 397,248 shares of the construction company’s stock, valued at approximately $23,148,000. Point72 Asset Management L.P. owned 0.33% of Jacobs Engineering Group as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JEC. Russell Investments Group Ltd. lifted its stake in shares of Jacobs Engineering Group by 30.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 180,972 shares of the construction company’s stock valued at $9,845,000 after purchasing an additional 42,467 shares during the last quarter. NGAM Advisors L.P. lifted its stake in shares of Jacobs Engineering Group by 4.1% in the 2nd quarter. NGAM Advisors L.P. now owns 24,726 shares of the construction company’s stock valued at $1,345,000 after purchasing an additional 973 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Jacobs Engineering Group by 47.0% in the 2nd quarter. Sei Investments Co. now owns 92,496 shares of the construction company’s stock valued at $5,030,000 after purchasing an additional 29,558 shares during the last quarter. Global X Management Co. LLC lifted its stake in shares of Jacobs Engineering Group by 133.8% in the 2nd quarter. Global X Management Co. LLC now owns 4,750 shares of the construction company’s stock valued at $258,000 after purchasing an additional 2,718 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Jacobs Engineering Group by 3.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 613,495 shares of the construction company’s stock valued at $33,368,000 after purchasing an additional 20,489 shares during the last quarter. 85.14% of the stock is owned by institutional investors.

In related news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the transaction, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.74% of the company’s stock.

Shares of Jacobs Engineering Group Inc (NYSE:JEC) traded down $0.23 on Thursday, reaching $68.16. 906,900 shares of the company traded hands, compared to its average volume of 823,166. The company has a market cap of $8,242.46, a P/E ratio of 21.17, a PEG ratio of 1.49 and a beta of 1.56. Jacobs Engineering Group Inc has a 12-month low of $49.31 and a 12-month high of $69.35. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

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

Several equities research analysts recently issued reports on JEC shares. Zacks Investment Research lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Citigroup set a $64.00 price objective on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research note on Friday, October 27th. Argus reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Jacobs Engineering Group in a research note on Monday, November 27th. They noted that the move was a valuation call. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus price target of $68.20.

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About Jacobs Engineering Group

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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