Zurcher Kantonalbank Zurich Cantonalbank continued to hold its stake in shares of Jacobs Engineering Group Inc. (NYSE:JEC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,947 shares of the construction company’s stock at the end of the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Jacobs Engineering Group were worth $1,248,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JEC. Nationwide Fund Advisors boosted its stake in shares of Jacobs Engineering Group by 4.1% during the 1st quarter. Nationwide Fund Advisors now owns 43,082 shares of the construction company’s stock worth $2,382,000 after acquiring an additional 1,700 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Jacobs Engineering Group by 110.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,048 shares of the construction company’s stock worth $721,000 after acquiring an additional 6,836 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Jacobs Engineering Group by 84.9% during the 1st quarter. Russell Investments Group Ltd. now owns 138,505 shares of the construction company’s stock worth $7,657,000 after acquiring an additional 63,595 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Jacobs Engineering Group by 14.2% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 10,444 shares of the construction company’s stock worth $577,000 after acquiring an additional 1,297 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Jacobs Engineering Group by 3.6% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 19,432 shares of the construction company’s stock worth $1,074,000 after acquiring an additional 674 shares in the last quarter. 86.13% of the stock is currently owned by institutional investors and hedge funds.

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Several research analysts recently issued reports on JEC shares. BidaskClub upgraded Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Thursday, August 3rd. Citadel Securities downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $62.00 to $66.00 in a research report on Tuesday, August 8th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, KeyCorp restated a “buy” rating and set a $60.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.30.

Jacobs Engineering Group Inc. (NYSE JEC) opened at 54.63 on Monday. The firm has a market capitalization of $6.57 billion, a P/E ratio of 29.06 and a beta of 1.52. The firm has a 50-day moving average price of $52.67 and a 200 day moving average price of $53.97. Jacobs Engineering Group Inc. has a one year low of $49.15 and a one year high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. Equities research analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Friday, August 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 31.75%.

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

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