State Treasurer State of Michigan reduced its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 35,311 shares of the construction company’s stock after selling 1,200 shares during the period. State Treasurer State of Michigan’s holdings in Jacobs Engineering Group were worth $2,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisor Group Inc. increased its position in Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after acquiring an additional 339 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Jacobs Engineering Group by 9.4% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,785 shares of the construction company’s stock valued at $570,000 after acquiring an additional 838 shares during the period. Global X MANAGEMENT CO LLC increased its position in Jacobs Engineering Group by 20.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 5,736 shares of the construction company’s stock valued at $334,000 after acquiring an additional 986 shares during the period. Leavell Investment Management Inc. increased its position in Jacobs Engineering Group by 18.3% in the 4th quarter. Leavell Investment Management Inc. now owns 6,475 shares of the construction company’s stock valued at $427,000 after acquiring an additional 1,000 shares during the period. Finally, Forte Capital LLC ADV increased its position in Jacobs Engineering Group by 3.0% in the 4th quarter. Forte Capital LLC ADV now owns 35,285 shares of the construction company’s stock valued at $2,327,000 after acquiring an additional 1,036 shares during the period. Hedge funds and other institutional investors own 71.51% of the company’s stock.

Several equities analysts have issued reports on the stock. Bank of America upped their price target on shares of Jacobs Engineering Group from $62.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday. Jefferies Group set a $70.00 price target on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research report on Wednesday, February 7th. Robert W. Baird set a $75.00 price target on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research report on Wednesday, February 7th. Citigroup upped their price target on shares of Jacobs Engineering Group from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, February 6th. Finally, Goldman Sachs Group upgraded shares of Jacobs Engineering Group from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus target price of $74.00.

Jacobs Engineering Group Inc (NYSE:JEC) opened at $62.23 on Monday. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $72.18. The firm has a market cap of $8,816.21, a price-to-earnings ratio of 31.91, a price-to-earnings-growth ratio of 1.16 and a beta of 1.49. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.10. Jacobs Engineering Group had a net margin of 2.30% and a return on equity of 8.59%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. equities research analysts anticipate that Jacobs Engineering Group Inc will post 4.01 EPS for the current fiscal 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 paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 30.77%.

In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares in the company, valued at $1,921,552.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.74% of the stock is currently owned by company insiders.

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

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