Hutchinson Capital Management CA cut its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 438,659 shares of the company’s stock after selling 2,186 shares during the period. Jacobs Engineering Group accounts for approximately 6.6% of Hutchinson Capital Management CA’s portfolio, making the stock its largest position. Hutchinson Capital Management CA owned 0.36% of Jacobs Engineering Group worth $21,850,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in JEC. Primecap Management Co. CA increased its position in shares of Jacobs Engineering Group by 4.3% in the first quarter. Primecap Management Co. CA now owns 8,168,805 shares of the company’s stock worth $355,751,000 after buying an additional 336,775 shares in the last quarter. State Street Corp boosted its stake in shares of Jacobs Engineering Group by 2.2% in the first quarter. State Street Corp now owns 4,771,923 shares of the company’s stock worth $207,817,000 after buying an additional 104,439 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Jacobs Engineering Group by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,361,346 shares of the company’s stock worth $146,387,000 after buying an additional 16,322 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Jacobs Engineering Group during the first quarter worth approximately $96,945,000. Finally, Geode Capital Management LLC boosted its stake in shares of Jacobs Engineering Group by 1.6% in the first quarter. Geode Capital Management LLC now owns 1,010,207 shares of the company’s stock worth $43,907,000 after buying an additional 15,649 shares during the last quarter. Institutional investors and hedge funds own 87.71% of the company’s stock.

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

Jacobs Engineering Group Inc. (NYSE:JEC) traded up 0.7661% on Wednesday, reaching $50.9675. 279,173 shares of the company traded hands. The firm has a 50 day moving average price of $51.21 and a 200 day moving average price of $50.12. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 29.5464 and a beta of 1.68. Jacobs Engineering Group Inc. has a 52-week low of $34.76 and a 52-week high of $55.89.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.79 billion. Jacobs Engineering Group had a return on equity of 8.58% and a net margin of 1.84%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.97 EPS. Equities research analysts predict that Jacobs Engineering Group Inc. will post $3.08 EPS for the current year.

A number of equities research analysts recently commented on JEC shares. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Monday, July 25th. MKM Partners set a $49.00 price objective on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research note on Thursday, September 15th. Argus reissued a “buy” rating and issued a $60.00 price objective (up from $58.00) on shares of Jacobs Engineering Group in a research note on Friday, August 19th. Jefferies Group reissued a “buy” rating and issued a $54.00 price objective on shares of Jacobs Engineering Group in a research note on Wednesday, August 10th. Finally, Deutsche Bank AG increased their price objective on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.52.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total transaction of $3,447,402.28. Following the transaction, the director now owns 736,669 shares of the company’s stock, valued at approximately $38,093,153.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Terence D. Hagen sold 18,639 shares of Jacobs Engineering Group stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $54.73, for a total value of $1,020,112.47. Following the transaction, the insider now directly owns 27,022 shares in the company, valued at approximately $1,478,914.06. The disclosure for this sale can be found here. Company insiders own 3.16% of the company’s stock.

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.

5 Day Chart for NYSE:JEC

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