Coastline Trust Co Sells 370 Shares of Jacobs Engineering Group Inc. (JEC)
Coastline Trust Co cut its holdings in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,085 shares of the construction company’s stock after selling 370 shares during the period. Jacobs Engineering Group makes up 0.8% of Coastline Trust Co’s holdings, making the stock its 26th biggest holding. Coastline Trust Co owned 0.07% of Jacobs Engineering Group worth $4,519,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Global X Management Co. LLC boosted its holdings in Jacobs Engineering Group by 204.2% during the first quarter. Global X Management Co. LLC now owns 2,032 shares of the construction company’s stock worth $112,000 after purchasing an additional 1,364 shares during the last quarter. First Manhattan Co. boosted its holdings in Jacobs Engineering Group by 1,013.6% during the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock worth $129,000 after purchasing an additional 2,169 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Jacobs Engineering Group during the first quarter worth about $160,000. Invictus RG purchased a new position in Jacobs Engineering Group during the first quarter worth about $178,000. Finally, Signaturefd LLC boosted its holdings in Jacobs Engineering Group by 14.4% during the first quarter. Signaturefd LLC now owns 4,078 shares of the construction company’s stock worth $225,000 after purchasing an additional 512 shares during the last quarter. 86.13% of the stock is owned by institutional investors.
Jacobs Engineering Group Inc. (NYSE:JEC) traded up 0.13% on Monday, reaching $54.70. 101,855 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $52.68 and its 200 day moving average price is $53.91. Jacobs Engineering Group Inc. has a 52-week low of $49.15 and a 52-week high of $63.42. The company has a market cap of $6.58 billion, a PE ratio of 29.10 and a beta of 1.52.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts expect that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 4th were paid a $0.15 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.10%. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.
Several research firms recently weighed in on JEC. BidaskClub upgraded shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. KeyCorp restated a “buy” rating and set a $60.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Citadel Securities cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $62.00 to $66.00 in a report on Tuesday, August 8th. Finally, Jefferies Group LLC restated a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.30.
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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.
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