Weatherly Asset Management L. P. cut its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 11.6% during the 1st quarter, HoldingsChannel reports. The fund owned 9,939 shares of the construction company’s stock after selling 1,300 shares during the period. Weatherly Asset Management L. P.’s holdings in Jacobs Engineering Group were worth $747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Citizens Financial Group Inc RI bought a new position in shares of Jacobs Engineering Group during the 4th quarter valued at $28,000. First Manhattan Co. lifted its holdings in shares of Jacobs Engineering Group by 115.9% during the 1st quarter. First Manhattan Co. now owns 462 shares of the construction company’s stock valued at $34,000 after buying an additional 248 shares during the period. CSat Investment Advisory L.P. lifted its holdings in shares of Jacobs Engineering Group by 86.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 600 shares of the construction company’s stock valued at $35,000 after buying an additional 279 shares during the period. Cullen Frost Bankers Inc. bought a new position in shares of Jacobs Engineering Group during the 1st quarter valued at $45,000. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Jacobs Engineering Group during the 4th quarter valued at $47,000. 88.81% of the stock is currently owned by hedge funds and other institutional investors.

In other news, SVP Michael R. Tyler sold 765 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $65.07, for a total value of $49,778.55. Following the completion of the sale, the senior vice president now directly owns 27,826 shares in the company, valued at approximately $1,810,637.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael R. Tyler sold 15,792 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $71.25, for a total value of $1,125,180.00. Following the completion of the sale, the senior vice president now owns 30,826 shares of the company’s stock, valued at $2,196,352.50. The disclosure for this sale can be found here. Insiders sold a total of 36,889 shares of company stock valued at $2,688,936 over the last 90 days. 0.92% of the stock is currently owned by company insiders.

NYSE:JEC opened at $76.74 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $10.71 billion, a PE ratio of 17.17, a P/E/G ratio of 1.46 and a beta of 1.44. Jacobs Engineering Group Inc has a one year low of $55.17 and a one year high of $82.24.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 6th. The construction company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.05 by $0.09. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.91 billion. Jacobs Engineering Group had a return on equity of 10.57% and a net margin of 1.96%. Jacobs Engineering Group’s revenue was up 72.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. Sell-side analysts expect that Jacobs Engineering Group Inc will post 5.3 EPS for the current fiscal year.

Jacobs Engineering Group announced that its Board of Directors has initiated a share buyback program on Thursday, January 17th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the construction company to buy up to 11.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.89%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 15.21%.

Several research firms have recently weighed in on JEC. Zacks Investment Research cut Jacobs Engineering Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. Cowen reissued a “buy” rating and set a $92.00 price target on shares of Jacobs Engineering Group in a report on Wednesday, April 24th. Barclays reissued an “overweight” rating and set a $85.00 price target on shares of Jacobs Engineering Group in a report on Tuesday. MKM Partners increased their price target on Jacobs Engineering Group to $87.00 and gave the company a “buy” rating in a report on Tuesday, February 26th. Finally, Argus reissued a “buy” rating and set a $68.72 price target (down from $84.00) on shares of Jacobs Engineering Group in a report on Tuesday, February 19th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Jacobs Engineering Group presently has an average rating of “Buy” and a consensus price target of $84.12.

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Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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