Robeco Institutional Asset Management B.V. decreased its position in Jacobs Engineering Group Inc. (NYSE:JEC) by 23.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,524 shares of the construction company’s stock after selling 34,832 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.10% of Jacobs Engineering Group worth $6,282,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JEC. Global X Management Co. LLC increased its position in 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 worth $112,000 after buying an additional 1,364 shares during the period. First Manhattan Co. increased its position in Jacobs Engineering Group by 1,013.6% in the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after buying an additional 2,169 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Jacobs Engineering Group during the first quarter worth $160,000. Mn Services Vermogensbeheer B.V. increased its position in 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 worth $167,000 after buying an additional 158 shares during the period. Finally, Invictus RG purchased a new position in Jacobs Engineering Group during the first quarter worth $178,000. 86.13% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jacobs Engineering Group Inc. (NYSE JEC) opened at 55.13 on Friday. The stock has a 50 day moving average price of $52.57 and a 200 day moving average price of $54.07. The stock has a market capitalization of $6.63 billion, a P/E ratio of 29.32 and a beta of 1.51. Jacobs Engineering Group Inc. has a 52 week low of $49.15 and a 52 week high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. On average, equities research analysts expect that Jacobs Engineering Group Inc. will post $3.13 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Friday, August 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.09%. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.

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A number of research analysts recently weighed in on the company. BidaskClub raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Citadel Securities downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $62.00 to $66.00 in a research note on Tuesday, August 8th. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, KeyCorp reissued a “buy” rating and issued a $60.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company 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.

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

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