State of Wisconsin Investment Board reduced its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,614 shares of the company’s stock after selling 3,100 shares during the period. State of Wisconsin Investment Board owned about 0.06% of Jacobs Engineering Group worth $3,962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JEC. Boston Partners raised its stake in shares of Jacobs Engineering Group by 5,194.5% in the second quarter. Boston Partners now owns 3,445,961 shares of the company’s stock worth $171,643,000 after buying an additional 3,380,875 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Jacobs Engineering Group during the second quarter worth about $43,824,000. JPMorgan Chase & Co. raised its stake in shares of Jacobs Engineering Group by 185.6% in the second quarter. JPMorgan Chase & Co. now owns 798,748 shares of the company’s stock worth $39,785,000 after buying an additional 519,040 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Jacobs Engineering Group by 22.9% in the second quarter. Victory Capital Management Inc. now owns 2,048,316 shares of the company’s stock worth $102,027,000 after buying an additional 381,071 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Jacobs Engineering Group by 76.0% in the second quarter. AQR Capital Management LLC now owns 679,772 shares of the company’s stock worth $33,860,000 after buying an additional 293,617 shares during the last quarter. 86.63% of the stock is currently owned by institutional investors.

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

Jacobs Engineering Group Inc. (NYSE:JEC) traded down 0.40% during trading on Monday, reaching $61.92. 1,606,874 shares of the company’s stock traded hands. The stock has a market capitalization of $7.52 billion, a P/E ratio of 35.90 and a beta of 1.61. Jacobs Engineering Group Inc. has a 1-year low of $34.76 and a 1-year high of $62.62. The stock has a 50-day moving average price of $53.28 and a 200 day moving average price of $52.11.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, November 22nd. The company reported $0.77 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.77. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.78 billion. Jacobs Engineering Group had a net margin of 1.92% and a return on equity of 8.48%. The business’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.80 EPS. Equities research analysts expect that Jacobs Engineering Group Inc. will post $3.20 earnings per share for the current year.

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JEC has been the topic of a number of recent research reports. Zacks Investment Research lowered Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 18th. DA Davidson upped their price objective on Jacobs Engineering Group from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Johnson Rice lowered Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research report on Thursday, August 11th. Argus reaffirmed a “buy” rating and set a $60.00 price objective (up previously from $58.00) on shares of Jacobs Engineering Group in a research report on Friday, August 19th. Finally, TheStreet lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Monday, October 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.41.

In related news, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction on Tuesday, October 4th. The shares were 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 in the company, valued at approximately $38,093,153.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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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