Signature Estate & Investment Advisors LLC acquired a new position in shares of Jacobs Engineering Group Inc (NYSE:JEC) during the 3rd quarter, Holdings Channel reports. The firm acquired 15,382 shares of the construction company’s stock, valued at approximately $1,177,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Jacobs Engineering Group by 2.9% in the 2nd quarter. Wells Fargo & Company MN now owns 4,918,774 shares of the construction company’s stock valued at $312,292,000 after buying an additional 139,022 shares during the last quarter. Millennium Management LLC grew its stake in Jacobs Engineering Group by 66.1% in the 2nd quarter. Millennium Management LLC now owns 1,332,939 shares of the construction company’s stock valued at $84,628,000 after buying an additional 530,536 shares during the last quarter. Madison Investment Holdings Inc. grew its stake in Jacobs Engineering Group by 17.1% in the 2nd quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock valued at $81,527,000 after buying an additional 187,572 shares during the last quarter. American Century Companies Inc. grew its stake in Jacobs Engineering Group by 70.1% in the 2nd quarter. American Century Companies Inc. now owns 1,167,192 shares of the construction company’s stock valued at $74,105,000 after buying an additional 481,062 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Jacobs Engineering Group by 0.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 925,070 shares of the construction company’s stock valued at $58,734,000 after buying an additional 3,024 shares during the last quarter. Institutional investors own 86.47% of the company’s stock.

NYSE JEC opened at $73.09 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.10 and a beta of 1.56. Jacobs Engineering Group Inc has a 12-month low of $55.21 and a 12-month high of $78.32.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.14. The firm had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4 billion. Jacobs Engineering Group had a net margin of 2.19% and a return on equity of 9.83%. The business’s revenue for the quarter was up 65.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, research analysts forecast that Jacobs Engineering Group Inc will post 4.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, September 27th. Jacobs Engineering Group’s dividend payout ratio is currently 18.52%.

A number of research analysts recently commented 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 Tuesday, October 9th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Bank of America upped their price target on shares of Jacobs Engineering Group from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. MKM Partners upped their price target on shares of Jacobs Engineering Group to $84.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, UBS Group upped their price target on shares of Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $80.23.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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