Jacobs Engineering Group Inc. (JEC) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lowered its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,689 shares of the construction company’s stock after selling 23 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Jacobs Engineering Group were worth $255,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in Jacobs Engineering Group by 25.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,439 shares of the construction company’s stock worth $1,130,000 after purchasing an additional 4,135 shares during the last quarter. Legal & General Group Plc lifted its stake in Jacobs Engineering Group by 6.0% during the second quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock worth $38,928,000 after purchasing an additional 40,249 shares during the last quarter. BlackRock Inc. lifted its stake in Jacobs Engineering Group by 2,990.4% during the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock worth $436,383,000 after purchasing an additional 7,638,632 shares during the last quarter. LMR Partners LLP lifted its stake in Jacobs Engineering Group by 201.5% during the second quarter. LMR Partners LLP now owns 12,659 shares of the construction company’s stock worth $689,000 after purchasing an additional 8,460 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in Jacobs Engineering Group by 61.5% during the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after purchasing an additional 122,362 shares during the last quarter. 86.11% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on JEC shares. KeyCorp reaffirmed a “buy” rating and set a $60.00 price target on shares of Jacobs Engineering Group in a research note on Friday, August 25th. BidaskClub raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Citadel Securities lowered Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $62.00 to $66.00 in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $62.30.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at 56.76 on Tuesday. Jacobs Engineering Group Inc. has a 1-year low of $49.15 and a 1-year high of $63.42. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 30.19 and a beta of 1.52. The stock has a 50 day moving average price of $53.23 and a 200-day moving average price of $53.88.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 earnings per share. Equities research analysts forecast that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 31.75%.

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About Jacobs Engineering Group

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.

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

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