Front Barnett Associates LLC trimmed its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 247,504 shares of the construction company’s stock after selling 2,358 shares during the quarter. Jacobs Engineering Group comprises 2.7% of Front Barnett Associates LLC’s holdings, making the stock its 8th biggest position. Front Barnett Associates LLC’s holdings in Jacobs Engineering Group were worth $16,325,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in JEC. Wells Fargo & Company MN raised its stake in shares of Jacobs Engineering Group by 68.7% in the third quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock worth $233,784,000 after purchasing an additional 1,634,127 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. raised its stake in shares of Jacobs Engineering Group by 9.4% in the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock worth $331,711,000 after purchasing an additional 487,089 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Jacobs Engineering Group in the third quarter worth $23,148,000. Assenagon Asset Management S.A. purchased a new position in shares of Jacobs Engineering Group in the third quarter worth $22,378,000. Finally, State of Wisconsin Investment Board raised its stake in shares of Jacobs Engineering Group by 166.0% in the third quarter. State of Wisconsin Investment Board now owns 280,229 shares of the construction company’s stock worth $16,329,000 after purchasing an additional 174,874 shares during the last quarter. 71.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group Inc (JEC) opened at $62.00 on Friday. The company has a market capitalization of $9,351.73, a price-to-earnings ratio of 32.22, a P/E/G ratio of 1.22 and a beta of 1.49. The company has a current ratio of 1.48, a quick ratio of 1.56 and a debt-to-equity ratio of 0.43. Jacobs Engineering Group Inc has a 1 year low of $49.31 and a 1 year high of $72.18.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. Jacobs Engineering Group’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. equities analysts forecast that Jacobs Engineering Group Inc will post 4.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 30.77%.

Several research analysts have recently weighed in on JEC shares. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price target for the company in a research note on Monday, January 8th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus restated a “buy” rating and issued a $73.00 price target on shares of Jacobs Engineering Group in a research note on Monday, November 27th. They noted that the move was a valuation call. Barclays boosted their price target on Jacobs Engineering Group from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, UBS Group upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $74.00.

In related news, Director Joseph R. Bronson sold 6,125 shares of the company’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 completion of the sale, the director now owns 30,496 shares in the company, valued at $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

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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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