Robert W. Baird set a $75.00 price objective on Jacobs Engineering Group (NYSE:JEC) in a research note published on Wednesday morning. The brokerage currently has a hold rating on the construction company’s stock.

JEC has been the subject of several other reports. Zacks Investment Research cut shares of Jacobs Engineering Group from a buy rating to a hold rating in a research note on Thursday, November 23rd. ValuEngine cut shares of Jacobs Engineering Group from a buy rating to a hold rating in a research note on Wednesday, November 15th. Credit Suisse Group reaffirmed an outperform rating and issued a $82.00 target price on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Citigroup set a $64.00 target price on shares of Jacobs Engineering Group and gave the stock a hold rating in a research note on Friday, October 27th. Finally, KeyCorp lifted their target price on shares of Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an overweight rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $74.00.

Jacobs Engineering Group (NYSE JEC) opened at $62.23 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.56 and a current ratio of 1.48. Jacobs Engineering Group has a 12 month low of $49.31 and a 12 month high of $72.18. The firm has a market cap of $8,899.80, a P/E ratio of 31.91, a PEG ratio of 1.18 and a beta of 1.49.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period last year, the company posted $0.68 EPS. The company’s revenue was up 7.8% on a year-over-year basis. research analysts predict that Jacobs Engineering Group will post 3.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be issued a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 30.77%.

In other Jacobs Engineering Group 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 document filed with the SEC, which can be accessed through the SEC website. 0.74% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JEC. Advisor Group Inc. boosted its holdings in shares of Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after purchasing an additional 339 shares during the last quarter. Whittier Trust Co. boosted its holdings in shares of Jacobs Engineering Group by 141.2% in the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after purchasing an additional 1,200 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Jacobs Engineering Group in the 4th quarter valued at $127,000. Tower Research Capital LLC TRC acquired a new position in shares of Jacobs Engineering Group in the 4th quarter valued at $131,000. Finally, Jarislowsky Fraser Ltd acquired a new position in shares of Jacobs Engineering Group in the 3rd quarter valued at $186,000. Institutional investors own 71.79% of the company’s stock.

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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.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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