Janney Montgomery Scott LLC increased its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 34.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,514 shares of the construction company’s stock after buying an additional 4,466 shares during the period. Janney Montgomery Scott LLC’s holdings in Jacobs Engineering Group were worth $953,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in JEC. Global X Management Co. LLC increased its stake in shares of Jacobs Engineering Group by 204.2% in the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock valued at $112,000 after buying an additional 1,364 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Jacobs Engineering Group during the first quarter valued at about $160,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Jacobs Engineering Group by 5.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,226 shares of the construction company’s stock valued at $167,000 after buying an additional 158 shares during the last quarter. Invictus RG bought a new stake in shares of Jacobs Engineering Group during the first quarter valued at about $178,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Jacobs Engineering Group by 0.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,601 shares of the construction company’s stock valued at $199,000 after buying an additional 25 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at 52.58 on Monday. Jacobs Engineering Group Inc. has a 1-year low of $49.15 and a 1-year high of $63.42. The firm has a market cap of $6.33 billion, a P/E ratio of 27.97 and a beta of 1.52. The firm’s 50-day moving average is $53.51 and its 200-day moving average is $54.82.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.78 EPS. On average, analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 31.75%.

COPYRIGHT VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/14/jacobs-engineering-group-inc-jec-shares-bought-by-janney-montgomery-scott-llc.html.

Several brokerages have recently issued reports on JEC. BidaskClub upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Citadel Securities downgraded shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $62.00 to $66.00 in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Credit Suisse Group restated a “buy” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, April 21st. Finally, Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. Jacobs Engineering Group presently has an average rating of “Hold” and an average price target of $62.30.

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.

Want to see what other hedge funds are holding JEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jacobs Engineering Group Inc. (NYSE:JEC).

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

Receive News & Stock Ratings for Jacobs Engineering Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group Inc. and related stocks with our FREE daily email newsletter.