Jacobs Engineering Group Inc (NYSE:JEC) saw unusually large options trading on Thursday. Stock traders purchased 1,645 call options on the stock. This represents an increase of approximately 2,553% compared to the average daily volume of 62 call options.
Jacobs Engineering Group (NYSE JEC) opened at $67.96 on Tuesday. Jacobs Engineering Group has a 12-month low of $49.31 and a 12-month high of $69.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $8,190.00, a PE ratio of 28.08, a P/E/G ratio of 1.44 and a beta of 1.56.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The firm’s revenue was up .5% compared to the same quarter last year. analysts forecast that Jacobs Engineering Group will post 3.53 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of JEC. Advisor Group Inc. raised its holdings in Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after acquiring an additional 339 shares in the last quarter. Whittier Trust Co. raised its holdings in Jacobs Engineering Group by 141.2% in the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after acquiring an additional 1,200 shares in the last quarter. Jarislowsky Fraser Ltd acquired a new position in Jacobs Engineering Group in the 3rd quarter valued at approximately $186,000. Palisade Capital Management LLC NJ acquired a new position in Jacobs Engineering Group in the 3rd quarter valued at approximately $206,000. Finally, Bridgewater Associates LP acquired a new position in Jacobs Engineering Group in the 2nd quarter valued at approximately $207,000. 84.57% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on JEC shares. Robert W. Baird reiterated a “hold” rating and set a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, November 24th. Barclays assumed coverage on Jacobs Engineering Group in a research report on Tuesday, December 12th. They set an “overweight” rating and a $75.00 price objective for the company. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. KeyCorp boosted their price objective on Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Finally, ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus price target of $69.10.
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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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