Advisor Consultant Network Inc. Buys Shares of 82,733 Jacobs Engineering Group Inc. (JEC)
Advisor Consultant Network Inc. bought a new position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 82,733 shares of the company’s stock, valued at approximately $4,279,000. Advisor Consultant Network Inc. owned 0.07% of Jacobs Engineering Group at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. Integrated Investment Consultants LLC boosted its stake in Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock worth $102,000 after buying an additional 42 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Jacobs Engineering Group by 340.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $110,000 after buying an additional 1,700 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Jacobs Engineering Group by 33.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the company’s stock worth $117,000 after buying an additional 594 shares during the last quarter. Bessemer Group Inc. boosted its stake in Jacobs Engineering Group by 28.6% in the second quarter. Bessemer Group Inc. now owns 2,968 shares of the company’s stock worth $148,000 after buying an additional 660 shares during the last quarter. Finally, PineBridge Investments L.P. bought a new stake in Jacobs Engineering Group during the second quarter worth about $160,000. Institutional investors own 86.63% of the company’s stock.
Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded up 0.47% during trading on Wednesday, reaching $62.01. The company had a trading volume of 1,759,015 shares. The company has a 50 day moving average of $53.57 and a 200-day moving average of $52.22. The firm has a market capitalization of $7.49 billion, a P/E ratio of 35.84 and a beta of 1.61. Jacobs Engineering Group Inc. has a 52-week low of $34.76 and a 52-week high of $63.42.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 22nd. The company reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.78 billion. Jacobs Engineering Group had a return on equity of 8.48% and a net margin of 1.92%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. Equities analysts expect that Jacobs Engineering Group Inc. will post $3.20 earnings per share for the current year.
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A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank AG raised their price target on Jacobs Engineering Group from $53.00 to $54.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Argus reissued a “buy” rating and set a $60.00 price target (up from $58.00) on shares of Jacobs Engineering Group in a report on Friday, August 19th. TheStreet raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Finally, Johnson Rice lowered Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a report on Thursday, August 11th. One research 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 company presently has an average rating of “Hold” and an average price target of $51.41.
In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,668 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total value of $3,447,402.28. Following the transaction, the director now owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.16% of the stock is owned by company insiders.
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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