Alambic Investment Management L.P. Acquires New Holdings in Jacobs Engineering Group Inc (JEC)

Alambic Investment Management L.P. acquired a new position in Jacobs Engineering Group Inc (NYSE:JEC) in the third quarter, HoldingsChannel reports. The institutional investor acquired 11,205 shares of the construction company’s stock, valued at approximately $857,000.

A number of other large investors have also modified their holdings of JEC. Principal Financial Group Inc. grew its holdings in Jacobs Engineering Group by 21.4% during the 1st quarter. Principal Financial Group Inc. now owns 222,083 shares of the construction company’s stock valued at $13,137,000 after buying an additional 39,221 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Jacobs Engineering Group during the 2nd quarter valued at approximately $1,565,000. Cornerstone Wealth Management LLC purchased a new stake in Jacobs Engineering Group during the 2nd quarter valued at approximately $575,000. Whittier Trust Co. grew its holdings in Jacobs Engineering Group by 104.9% during the 2nd quarter. Whittier Trust Co. now owns 4,200 shares of the construction company’s stock valued at $224,000 after buying an additional 2,150 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Jacobs Engineering Group during the 2nd quarter valued at approximately $451,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

NYSE JEC opened at $64.69 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.36. The company has a market cap of $9.25 billion, a PE ratio of 14.47, a PEG ratio of 0.96 and a beta of 1.41. Jacobs Engineering Group Inc has a one year low of $55.21 and a one year high of $82.24.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, November 20th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.27 billion. Jacobs Engineering Group had a return on equity of 10.39% and a net margin of 1.19%. The company’s quarterly revenue was up 56.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.98 EPS. On average, sell-side analysts expect that Jacobs Engineering Group Inc will post 5.28 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.93%. Jacobs Engineering Group’s dividend payout ratio is currently 13.42%.

A number of equities research analysts have issued reports on JEC shares. DA Davidson raised shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Monday, August 6th. Robert W. Baird reaffirmed an “outperform” rating and set a $82.00 price objective (up from $73.00) on shares of Jacobs Engineering Group in a report on Monday, August 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a $74.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. KeyCorp increased their price objective on shares of Jacobs Engineering Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th. Finally, UBS Group increased their price objective on shares of Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Four equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $83.14.

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Jacobs Engineering Group 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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