Dynamic Technology Lab Private Ltd acquired a new stake in Jacobs Engineering Group Inc (NYSE:JEC) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,553 shares of the construction company’s stock, valued at approximately $557,000.
Other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its position in shares of Jacobs Engineering Group by 18.8% during the second quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after buying an additional 339 shares during the period. Whittier Trust Co. lifted its position in Jacobs Engineering Group by 141.2% in the third quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,200 shares during the period. First Manhattan Co. lifted its position in Jacobs Engineering Group by 1,013.6% in the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after purchasing an additional 2,169 shares during the period. Jarislowsky Fraser Ltd bought a new position in shares of Jacobs Engineering Group in the third quarter valued at $186,000. Finally, Palisade Capital Management LLC NJ bought a new position in shares of Jacobs Engineering Group in the third quarter valued at $206,000. 85.14% of the stock is owned by institutional investors.
Shares of Jacobs Engineering Group Inc (JEC) traded down $0.23 during mid-day trading on Wednesday, reaching $66.46. 795,500 shares of the company’s stock traded hands, compared to its average volume of 820,786. The firm has a market cap of $8,033.88, a price-to-earnings ratio of 20.65, a P/E/G ratio of 1.45 and a beta of 1.56. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. Jacobs Engineering Group Inc has a 12-month low of $49.31 and a 12-month high of $67.69.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is 24.69%.
In related news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the transaction, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.49% of the stock is owned by corporate insiders.
Several research analysts have issued reports on the company. Citigroup set a $64.00 price target on Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a report on Tuesday, October 17th. MKM Partners set a $61.00 target price on shares of Jacobs Engineering Group and gave the company a “neutral” rating in a research note on Tuesday, November 28th. Finally, BidaskClub lowered shares of Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $67.44.
About Jacobs Engineering Group
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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