Shares of Jacobs Engineering Group Inc. (NYSE:JEC) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $62.63.
A number of research analysts recently commented on JEC shares. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Tuesday, October 17th. Citigroup Inc. set a $64.00 target price on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “buy” rating and issued a $60.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $63.00 target price on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Finally, BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th.
Shares of Jacobs Engineering Group (NYSE JEC) traded up $0.20 during trading hours on Monday, hitting $58.63. 390,200 shares of the company’s stock were exchanged, compared to its average volume of 812,198. Jacobs Engineering Group has a 52 week low of $49.31 and a 52 week high of $63.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $7,050.00, a P/E ratio of 19.41, a PEG ratio of 1.68 and a beta of 1.51.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is currently 31.75%.
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Several hedge funds have recently added to or reduced their stakes in JEC. Advisor Group Inc. lifted its stake 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 worth $117,000 after acquiring an additional 339 shares during the period. Whittier Trust Co. lifted its stake 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 worth $119,000 after acquiring an additional 1,200 shares during the period. First Manhattan Co. lifted its stake in shares of Jacobs Engineering Group by 1,013.6% in the 2nd quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after acquiring an additional 2,169 shares during the period. Jarislowsky Fraser Ltd acquired a new stake in shares of Jacobs Engineering Group in the 3rd quarter worth $186,000. Finally, Palisade Capital Management LLC NJ acquired a new stake in shares of Jacobs Engineering Group in the 3rd quarter worth $206,000. Institutional investors own 85.16% of the company’s stock.
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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