Global X MANAGEMENT CO LLC Buys 986 Shares of Jacobs Engineering Group Inc. (JEC)

Global X MANAGEMENT CO LLC lifted its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 20.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,736 shares of the construction company’s stock after buying an additional 986 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Jacobs Engineering Group were worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Jacobs Engineering Group by 1.3% in the second quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after buying an additional 150,333 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Jacobs Engineering Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,171,451 shares of the construction company’s stock valued at $172,489,000 after buying an additional 20,995 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Jacobs Engineering Group by 26.2% in the second quarter. Victory Capital Management Inc. now owns 2,527,660 shares of the construction company’s stock valued at $137,479,000 after buying an additional 524,310 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Jacobs Engineering Group by 373.8% in the second quarter. Wells Fargo & Company MN now owns 2,377,957 shares of the construction company’s stock valued at $129,336,000 after buying an additional 1,876,081 shares during the period. Finally, FIL Ltd boosted its stake in shares of Jacobs Engineering Group by 7.8% in the second quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock valued at $121,786,000 after buying an additional 162,167 shares during the period. Institutional investors and hedge funds own 85.16% of the company’s stock.

Jacobs Engineering Group Inc. (JEC) opened at $58.63 on Monday. The stock has a market cap of $7,054.08, a price-to-earnings ratio of 19.41, a PEG ratio of 1.68 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. Jacobs Engineering Group Inc. has a 1-year low of $49.31 and a 1-year high of $63.42.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

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Several research analysts have commented on JEC shares. Robert W. Baird restated a “hold” rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, October 6th. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. ValuEngine downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 price objective for the company in a research report on Tuesday, October 17th. Finally, Citigroup Inc. downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus target price of $62.63.

Jacobs Engineering Group 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.

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

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