State of Tennessee Treasury Department lessened its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 56.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,008 shares of the construction company’s stock after selling 67,469 shares during the quarter. State of Tennessee Treasury Department’s holdings in Jacobs Engineering Group were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG increased its position in Jacobs Engineering Group by 53.1% during the 4th quarter. Deutsche Bank AG now owns 515,634 shares of the construction company’s stock worth $34,008,000 after purchasing an additional 178,806 shares in the last quarter. Elkfork Partners LLC purchased a new stake in Jacobs Engineering Group during the 4th quarter worth about $1,281,000. Tower Bridge Advisors increased its position in Jacobs Engineering Group by 11.1% during the 1st quarter. Tower Bridge Advisors now owns 140,521 shares of the construction company’s stock worth $8,312,000 after purchasing an additional 14,078 shares in the last quarter. Pinebridge Investments L.P. increased its position in Jacobs Engineering Group by 29.1% during the 4th quarter. Pinebridge Investments L.P. now owns 14,952 shares of the construction company’s stock worth $986,000 after purchasing an additional 3,368 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in Jacobs Engineering Group by 1.1% during the 4th quarter. Teachers Advisors LLC now owns 165,639 shares of the construction company’s stock worth $10,926,000 after purchasing an additional 1,862 shares in the last quarter. Hedge funds and other institutional investors own 84.98% of the company’s stock.

In other news, Director Christopher M.T. Thompson purchased 4,000 shares of the stock in a transaction dated Tuesday, May 22nd. The stock was acquired at an average cost of $64.10 per share, for a total transaction of $256,400.00. Following the acquisition, the director now owns 15,318 shares of the company’s stock, valued at $981,883.80. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert C. Davidson, Jr. sold 700 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $65.95, for a total value of $46,165.00. Following the completion of the sale, the director now owns 28,618 shares of the company’s stock, valued at $1,887,357.10. The disclosure for this sale can be found here. Insiders own 0.74% of the company’s stock.

A number of research firms recently commented on JEC. Bank of America upgraded Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Friday, May 11th. Credit Suisse Group lifted their price objective on Jacobs Engineering Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 9th. Vertical Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Macquarie upgraded Jacobs Engineering Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 8th. Finally, Goldman Sachs Group raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Jacobs Engineering Group presently has an average rating of “Buy” and an average price target of $75.54.

Shares of NYSE:JEC opened at $66.18 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.42. Jacobs Engineering Group Inc has a 12-month low of $49.31 and a 12-month high of $72.18. The stock has a market capitalization of $9.40 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.08 and a beta of 1.49.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, May 8th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.60 billion. Jacobs Engineering Group had a return on equity of 8.76% and a net margin of 1.97%. The company’s revenue was up 70.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.78 EPS. sell-side analysts expect that Jacobs Engineering Group Inc will post 4.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, May 18th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, May 17th. Jacobs Engineering Group’s dividend payout ratio is currently 18.52%.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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