Creative Planning Grows Position in Jacobs Engineering Group Inc (JEC)

Creative Planning increased its stake in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 47.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,282 shares of the construction company’s stock after buying an additional 9,718 shares during the quarter. Creative Planning’s holdings in Jacobs Engineering Group were worth $2,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new stake in Jacobs Engineering Group in the second quarter valued at about $102,000. Northwestern Mutual Wealth Management Co. lifted its position in Jacobs Engineering Group by 88.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,137 shares of the construction company’s stock valued at $136,000 after purchasing an additional 1,004 shares during the period. Trust Department MB Financial Bank N A acquired a new stake in Jacobs Engineering Group in the second quarter valued at about $213,000. Sawtooth Solutions LLC acquired a new stake in Jacobs Engineering Group in the second quarter valued at about $221,000. Finally, Whittier Trust Co. lifted its position in Jacobs Engineering Group by 104.9% in the second quarter. Whittier Trust Co. now owns 4,200 shares of the construction company’s stock valued at $224,000 after purchasing an additional 2,150 shares during the period. 86.47% of the stock is currently owned by hedge funds and other institutional investors.

JEC stock opened at $74.14 on Wednesday. Jacobs Engineering Group Inc has a 12-month low of $55.21 and a 12-month high of $78.32. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $10.49 billion, a PE ratio of 17.66, a P/E/G ratio of 1.07 and a beta of 1.56.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.14. Jacobs Engineering Group had a net margin of 2.19% and a return on equity of 9.83%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period last year, the firm earned $0.79 EPS. The company’s revenue for the quarter was up 65.3% on a year-over-year basis. On average, analysts forecast that Jacobs Engineering Group Inc will post 4.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, September 28th were given a dividend of $0.15 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.81%. Jacobs Engineering Group’s payout ratio is 18.52%.

A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $87.00 price objective for the company in a research report on Wednesday, October 24th. Robert W. Baird raised their price objective on shares of Jacobs Engineering Group from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Citigroup upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Monday, October 22nd. Barclays restated a “buy” rating and issued a $83.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, October 18th. Finally, ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.15.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

Further Reading: Ex-Dividend

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

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