Alliancebernstein L.P. Purchases 5,253 Shares of Jacobs Engineering Group Inc. (JEC)

Alliancebernstein L.P. boosted its position in Jacobs Engineering Group Inc. (NYSE:JEC) by 1.9% during the first quarter, Holdings Channel reports. The institutional investor owned 278,924 shares of the construction company’s stock after buying an additional 5,253 shares during the period. Alliancebernstein L.P. owned approximately 0.23% of Jacobs Engineering Group worth $15,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock worth $199,000 after buying an additional 25 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of Jacobs Engineering Group by 0.6% in the first quarter. Jaffetilchin Investment Partners LLC now owns 6,734 shares of the construction company’s stock worth $372,000 after buying an additional 38 shares in the last quarter. Keybank National Association OH increased its position in shares of Jacobs Engineering Group by 1.2% in the fourth quarter. Keybank National Association OH now owns 5,939 shares of the construction company’s stock worth $339,000 after buying an additional 69 shares in the last quarter. Wheatland Advisors Inc. increased its position in shares of Jacobs Engineering Group by 1.2% in the first quarter. Wheatland Advisors Inc. now owns 6,276 shares of the construction company’s stock worth $347,000 after buying an additional 76 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Jacobs Engineering Group by 0.3% in the first quarter. Arizona State Retirement System now owns 29,959 shares of the construction company’s stock worth $1,656,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 86.70% of the company’s stock.

Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

Jacobs Engineering Group Inc. (JEC) traded up 0.04% during midday trading on Friday, reaching $53.82. The company had a trading volume of 784,793 shares. The firm’s 50-day moving average price is $53.57 and its 200 day moving average price is $56.30. Jacobs Engineering Group Inc. has a 12 month low of $47.14 and a 12 month high of $63.42. The firm has a market capitalization of $6.48 billion, a PE ratio of 31.29 and a beta of 1.55.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.63 billion. Jacobs Engineering Group had a return on equity of 8.56% and a net margin of 2.05%. The business’s revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Equities analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Wednesday, May 17th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 34.88%.

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Several equities analysts have recently issued reports on JEC shares. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Tuesday. Robert W. Baird reiterated a “neutral” rating and issued a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a report on Friday, May 12th. Credit Suisse Group reiterated a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a report on Friday, April 21st. Finally, Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $61.11.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

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