Machina Capital S.A.S. Purchases New Shares in Jacobs Engineering Group Inc (NYSE:JEC)

Machina Capital S.A.S. purchased a new stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,397 shares of the construction company’s stock, valued at approximately $793,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. BTR Capital Management Inc. raised its stake in shares of Jacobs Engineering Group by 1.0% in the second quarter. BTR Capital Management Inc. now owns 74,333 shares of the construction company’s stock valued at $6,273,000 after acquiring an additional 765 shares during the period. MainStreet Investment Advisors LLC bought a new position in shares of Jacobs Engineering Group in the second quarter worth about $602,000. Hanson & Doremus Investment Management bought a new position in shares of Jacobs Engineering Group in the second quarter worth about $26,000. Fox Run Management L.L.C. bought a new position in shares of Jacobs Engineering Group in the second quarter worth about $444,000. Finally, IFM Investors Pty Ltd grew its holdings in shares of Jacobs Engineering Group by 28.5% in the second quarter. IFM Investors Pty Ltd now owns 10,375 shares of the construction company’s stock worth $876,000 after purchasing an additional 2,301 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Jacobs Engineering Group stock traded down $0.77 during midday trading on Wednesday, hitting $83.47. 17,771 shares of the company’s stock were exchanged, compared to its average volume of 700,208. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.51. Jacobs Engineering Group Inc has a 12 month low of $55.17 and a 12 month high of $85.85. The business’s 50-day moving average price is $83.17. The firm has a market cap of $11.61 billion, a P/E ratio of 18.66, a PEG ratio of 1.50 and a beta of 1.42.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.10. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Jacobs Engineering Group Inc will post 4.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, July 25th. Jacobs Engineering Group’s payout ratio is 15.21%.

In other Jacobs Engineering Group news, SVP Michael R. Tyler sold 650 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $75.69, for a total transaction of $49,198.50. Following the transaction, the senior vice president now directly owns 25,844 shares in the company, valued at approximately $1,956,132.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph R. Bronson sold 10,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $76.45, for a total transaction of $764,500.00. Following the transaction, the director now owns 35,302 shares in the company, valued at $2,698,837.90. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Barclays restated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Cowen restated an “outperform” rating and issued a $230.00 price target (up from $200.00) on shares of Norfolk Southern in a report on Wednesday, April 24th. Finally, KeyCorp upped their price target on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus target price of $84.84.

Jacobs Engineering Group Company 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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