Mutual of America Capital Management LLC decreased its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,131 shares of the construction company’s stock after selling 1,208 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jacobs Engineering Group were worth $866,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Dupont Capital Management Corp boosted its stake in Jacobs Engineering Group by 29.3% in the 4th quarter. Dupont Capital Management Corp now owns 49,279 shares of the construction company’s stock valued at $3,250,000 after buying an additional 11,166 shares in the last quarter. High Pointe Capital Management LLC boosted its stake in Jacobs Engineering Group by 72.2% in the 4th quarter. High Pointe Capital Management LLC now owns 20,205 shares of the construction company’s stock valued at $1,333,000 after buying an additional 8,470 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Jacobs Engineering Group in the 4th quarter valued at $403,000. Exane Derivatives boosted its stake in Jacobs Engineering Group by 29.1% in the 4th quarter. Exane Derivatives now owns 17,483 shares of the construction company’s stock valued at $1,153,000 after buying an additional 3,945 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Jacobs Engineering Group in the 4th quarter valued at $386,000. 71.51% of the stock is currently owned by institutional investors and hedge funds.
JEC has been the topic of several recent analyst reports. Zacks Investment Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. ValuEngine lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a research note on Thursday, January 18th. Bank of America boosted their price target on Jacobs Engineering Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, Citigroup set a $64.00 price target on Jacobs Engineering Group and gave the company a “hold” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. Jacobs Engineering Group has an average rating of “Hold” and a consensus target price of $74.00.
Jacobs Engineering Group Inc (NYSE JEC) opened at $63.19 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. Jacobs Engineering Group Inc has a 52-week low of $49.31 and a 52-week high of $72.18. The stock has a market capitalization of $9,025.88, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.49.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.10. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities research analysts expect that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a $0.15 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 0.95%. Jacobs Engineering Group’s payout ratio is 30.77%.
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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