Jacobs Engineering Group Inc (JEC) Position Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in Jacobs Engineering Group Inc (NYSE:JEC) by 2.8% in the third quarter, HoldingsChannel.com reports. The firm owned 54,969 shares of the construction company’s stock after selling 1,590 shares during the quarter. Retirement Systems of Alabama’s holdings in Jacobs Engineering Group were worth $4,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new stake in Jacobs Engineering Group in the second quarter valued at about $102,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Jacobs Engineering Group by 88.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock valued at $136,000 after acquiring an additional 1,004 shares during the period. Trust Department MB Financial Bank N A acquired a new stake in shares of Jacobs Engineering Group during the 2nd quarter valued at approximately $213,000. Sawtooth Solutions LLC acquired a new stake in shares of Jacobs Engineering Group during the 2nd quarter valued at approximately $221,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Jacobs Engineering Group during the 2nd quarter valued at approximately $226,000. Hedge funds and other institutional investors own 85.97% of the company’s stock.

Shares of JEC opened at $79.53 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45. Jacobs Engineering Group Inc has a 1-year low of $55.21 and a 1-year high of $79.63. The company has a market cap of $10.66 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.41.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Monday, August 6th. The construction company reported $1.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.14. Jacobs Engineering Group had a net margin of 2.19% and a return on equity of 9.83%. The business had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4 billion. During the same period last year, the company posted $0.79 EPS. The company’s revenue was up 65.3% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Engineering Group Inc will post 4.38 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.75%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 18.52%.

A number of equities research analysts have recently issued reports on the stock. Citigroup lifted their price target on shares of Jacobs Engineering Group from $69.00 to $70.00 and gave the company a “$66.12” rating in a research report on Monday, July 23rd. UBS Group lifted their price target on shares of Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. MKM Partners lifted their price target on shares of Jacobs Engineering Group to $84.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $87.00 price target for the company in a research report on Wednesday, October 24th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $82.00 price target (up from $73.00) on shares of Jacobs Engineering Group in a research report on Monday, August 6th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. Jacobs Engineering Group presently has an average rating of “Buy” and a consensus target price of $83.15.

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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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