Municipal Employees Retirement System of Michigan boosted its position in Jacobs Engineering Group Inc (NYSE:JEC) by 685.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,640 shares of the construction company’s stock after purchasing an additional 11,030 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Jacobs Engineering Group were worth $1,067,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Weaver Consulting Group bought a new position in shares of Jacobs Engineering Group during the 1st quarter valued at approximately $32,000. ZWJ Investment Counsel Inc. lifted its stake in shares of Jacobs Engineering Group by 8.5% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 299,326 shares of the construction company’s stock valued at $22,506,000 after buying an additional 23,361 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Jacobs Engineering Group during the 2nd quarter valued at approximately $25,000. Dupont Capital Management Corp lifted its stake in shares of Jacobs Engineering Group by 33.4% during the 1st quarter. Dupont Capital Management Corp now owns 5,118 shares of the construction company’s stock valued at $385,000 after buying an additional 1,280 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its stake in shares of Jacobs Engineering Group by 1.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 27,435 shares of the construction company’s stock valued at $2,062,000 after buying an additional 500 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

NYSE JEC opened at $80.77 on Thursday. Jacobs Engineering Group Inc has a 1 year low of $55.17 and a 1 year high of $86.43. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. The stock has a market cap of $11.25 billion, a PE ratio of 18.07, a PEG ratio of 1.56 and a beta of 1.41. The business has a 50 day moving average price of $84.08.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.15. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, analysts forecast that Jacobs Engineering Group Inc will post 4.84 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.84%. The ex-dividend date is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio is presently 15.21%.

A number of analysts recently commented on the stock. DA Davidson upped their price target on shares of Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research cut shares of Jacobs Engineering Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 9th. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen restated a “buy” rating and set a $92.00 price target on shares of Jacobs Engineering Group in a research note on Wednesday, April 24th. Finally, Barclays restated an “overweight” rating and set a $85.00 price target on shares of Jacobs Engineering Group in a research note on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Buy” and a consensus price target of $87.07.

Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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