GAM Holding AG reduced its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,602 shares of the construction company’s stock after selling 1,500 shares during the period. GAM Holding AG owned about 0.06% of Jacobs Engineering Group worth $3,677,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. raised its position in Jacobs Engineering Group by 33.3% in the fourth quarter. Macquarie Group Ltd. now owns 12,400 shares of the construction company’s stock worth $707,000 after buying an additional 3,100 shares during the period. Nisa Investment Advisors LLC raised its position in Jacobs Engineering Group by 78.6% in the first quarter. Nisa Investment Advisors LLC now owns 45,270 shares of the construction company’s stock worth $2,503,000 after buying an additional 19,920 shares during the period. Nationwide Fund Advisors raised its position in Jacobs Engineering Group by 4.1% in the first quarter. Nationwide Fund Advisors now owns 43,082 shares of the construction company’s stock worth $2,382,000 after buying an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock worth $167,000 after buying an additional 158 shares during the period. Finally, Granite Investment Partners LLC raised its position in Jacobs Engineering Group by 31.4% in the first quarter. Granite Investment Partners LLC now owns 14,644 shares of the construction company’s stock worth $810,000 after buying an additional 3,500 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.
Jacobs Engineering Group Inc. (NYSE JEC) opened at 51.94 on Friday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 27.63 and a beta of 1.52. The stock’s 50 day moving average is $52.69 and its 200-day moving average is $54.20. Jacobs Engineering Group Inc. has a 12 month low of $49.15 and a 12 month high of $63.42.
Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. Jacobs Engineering Group’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. Equities analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio is currently 31.75%.
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A number of equities analysts have commented on JEC shares. Robert W. Baird restated a “neutral” rating and issued a $64.00 price target (up from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Citigroup Inc. lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research report on Thursday, August 3rd. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Finally, Citadel Securities lowered shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and boosted their price target for the company from $62.00 to $66.00 in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Jacobs Engineering Group presently has a consensus rating of “Hold” and a consensus target price of $62.30.
Jacobs Engineering Group Company Profile
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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