Wedge Capital Management L L P NC lowered its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 2.6% in the second quarter, Holdings Channel reports. The firm owned 180,447 shares of the construction company’s stock after selling 4,772 shares during the period. Wedge Capital Management L L P NC’s holdings in Jacobs Engineering Group were worth $15,228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JEC. FMR LLC grew its holdings in Jacobs Engineering Group by 15.5% during the first quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock valued at $442,405,000 after purchasing an additional 791,261 shares during the period. Rubric Capital Management LP acquired a new position in Jacobs Engineering Group during the first quarter valued at approximately $25,196,000. AGF Investments Inc. grew its holdings in Jacobs Engineering Group by 50.7% during the first quarter. AGF Investments Inc. now owns 970,408 shares of the construction company’s stock valued at $72,965,000 after purchasing an additional 326,671 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Jacobs Engineering Group by 112,453.6% during the first quarter. Thompson Siegel & Walmsley LLC now owns 298,267 shares of the construction company’s stock valued at $22,427,000 after purchasing an additional 298,002 shares during the period. Finally, Bank of Montreal Can grew its holdings in Jacobs Engineering Group by 222.5% during the first quarter. Bank of Montreal Can now owns 249,498 shares of the construction company’s stock valued at $18,760,000 after purchasing an additional 172,128 shares during the period. Hedge funds and other institutional investors own 94.48% of the company’s stock.

A number of research analysts recently issued reports on JEC shares. KeyCorp boosted their price objective on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Credit Suisse Group boosted their price objective on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research cut shares of Jacobs Engineering Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 9th. Finally, DA Davidson boosted their price objective on shares of Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $87.07.

Shares of Jacobs Engineering Group stock traded down $1.68 on Wednesday, hitting $81.33. The company had a trading volume of 168,067 shares, compared to its average volume of 1,116,714. The company has a market capitalization of $11.64 billion, a price-to-earnings ratio of 18.19, a P/E/G ratio of 1.61 and a beta of 1.41. Jacobs Engineering Group Inc has a twelve month low of $55.17 and a twelve month high of $86.43. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50-day simple moving average of $84.10.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.15. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 earnings per share. As a group, equities analysts predict that Jacobs Engineering Group Inc will post 4.84 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 15.21%.

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.

Featured Story: Why is the Consumer Price Index (CPI) important?

Want to see what other hedge funds are holding JEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Engineering Group Inc (NYSE:JEC).

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

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.