Lathrop Investment Management Corp acquired a new stake in Jacobs Engineering (NYSE:J) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 174,492 shares of the company’s stock, valued at approximately $14,797,000. Jacobs Engineering comprises approximately 4.4% of Lathrop Investment Management Corp’s investment portfolio, making the stock its 5th largest position. Lathrop Investment Management Corp owned approximately 0.13% of Jacobs Engineering at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. New England Research & Management Inc. purchased a new stake in shares of Jacobs Engineering in the first quarter worth approximately $428,000. AXA purchased a new stake in shares of Jacobs Engineering in the first quarter worth approximately $4,883,000. Royal Bank of Canada purchased a new stake in shares of Jacobs Engineering in the first quarter worth approximately $72,916,000. State Street Corp purchased a new stake in shares of Jacobs Engineering in the first quarter worth approximately $723,368,000. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Jacobs Engineering in the first quarter worth approximately $7,790,000. 88.87% of the stock is owned by institutional investors and hedge funds.

NYSE J traded down $0.03 during midday trading on Friday, hitting $85.35. 906,881 shares of the company traded hands, compared to its average volume of 717,241. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.97 and a quick ratio of 1.97. The company has a market cap of $11.10 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96. The company’s 50-day simple moving average is $83.28 and its 200-day simple moving average is $85.51. Jacobs Engineering has a 52 week low of $59.29 and a 52 week high of $104.00.

Jacobs Engineering (NYSE:J) last announced its earnings results on Wednesday, May 6th. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.13. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Jacobs Engineering had a return on equity of 12.61% and a net margin of 6.23%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts predict that Jacobs Engineering will post 4.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be given a $0.19 dividend. The ex-dividend date is Thursday, July 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.89%. Jacobs Engineering’s payout ratio is 15.05%.

J has been the topic of several research reports. KeyCorp raised their price objective on Jacobs Engineering from $85.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Zacks Investment Research downgraded Jacobs Engineering from a “hold” rating to a “sell” rating and set a $89.00 price objective on the stock. in a report on Tuesday, July 7th. Stifel Nicolaus reduced their price objective on Jacobs Engineering from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Benchmark reduced their price objective on Jacobs Engineering from $115.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, May 11th. Finally, DA Davidson reduced their price objective on Jacobs Engineering from $110.00 to $95.00 in a report on Monday, May 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.80.

In other news, Director Linda Fayne Levinson sold 1,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $85.21, for a total value of $85,210.00. Following the completion of the sale, the director now owns 56,888 shares of the company’s stock, valued at approximately $4,847,426.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by company insiders.

Jacobs Engineering Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Critical Mission Solutions, and People and Places Solutions.

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Institutional Ownership by Quarter for Jacobs Engineering (NYSE:J)

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