Migdal Insurance & Financial Holdings Ltd. Grows Holdings in Jacobs Engineering Group Inc (JEC)

Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 103.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,417 shares of the construction company’s stock after buying an additional 720 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Jacobs Engineering Group were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JEC. Point72 Asset Management L.P. raised its holdings in Jacobs Engineering Group by 658.9% during the second quarter. Point72 Asset Management L.P. now owns 710,289 shares of the construction company’s stock worth $45,096,000 after buying an additional 616,689 shares during the last quarter. Marshall Wace LLP acquired a new position in Jacobs Engineering Group during the second quarter worth $38,937,000. Millennium Management LLC raised its holdings in Jacobs Engineering Group by 66.1% during the second quarter. Millennium Management LLC now owns 1,332,939 shares of the construction company’s stock worth $84,628,000 after buying an additional 530,536 shares during the last quarter. American Century Companies Inc. raised its holdings in Jacobs Engineering Group by 70.1% during the second quarter. American Century Companies Inc. now owns 1,167,192 shares of the construction company’s stock worth $74,105,000 after buying an additional 481,062 shares during the last quarter. Finally, Columbus Circle Investors acquired a new position in Jacobs Engineering Group during the third quarter worth $21,139,000. Hedge funds and other institutional investors own 86.64% of the company’s stock.

NYSE JEC opened at $64.69 on Monday. Jacobs Engineering Group Inc has a 1 year low of $55.21 and a 1 year high of $82.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $9.20 billion, a PE ratio of 14.47, a PEG ratio of 1.30 and a beta of 1.41.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.39%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was up 56.1% compared to the same quarter last year. Analysts forecast that Jacobs Engineering Group Inc will post 5.17 earnings per share for the current fiscal year.

Several research firms have weighed in on JEC. Seaport Global Securities began coverage on shares of Jacobs Engineering Group in a report on Thursday, November 15th. They set a “buy” rating and a $91.00 price objective on the stock. DA Davidson upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, August 6th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Barclays restated a “buy” rating and set a $83.00 price objective on shares of Jacobs Engineering Group in a report on Thursday, October 18th. Finally, Credit Suisse Group upped their price objective on shares of Jacobs Engineering Group from $86.00 to $88.00 and gave the stock an “outperform” rating in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price 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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