ValuEngine cut shares of Jacobs Engineering Group Inc. (NYSE:JEC) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Several other analysts have also recently weighed in on JEC. KeyCorp reiterated a buy rating and issued a $60.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 25th. Citigroup Inc. set a $64.00 price objective on shares of Jacobs Engineering Group and gave the stock a hold rating in a research note on Friday, October 27th. Robert W. Baird reiterated a hold rating and issued a $63.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a sell rating to a hold rating in a research note on Thursday, August 10th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $61.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Jacobs Engineering Group currently has an average rating of Hold and an average target price of $62.63.

Shares of Jacobs Engineering Group (NYSE:JEC) opened at $58.63 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $7,054.07, a PE ratio of 19.41, a PEG ratio of 1.68 and a beta of 1.51. Jacobs Engineering Group has a 12 month low of $49.31 and a 12 month high of $63.42.

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The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Friday, October 13th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

Institutional investors have recently made changes to their positions in the stock. Swiss National Bank grew its holdings in shares of Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock valued at $23,988,000 after purchasing an additional 12,500 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock valued at $38,928,000 after purchasing an additional 40,249 shares during the last quarter. Greenwood Capital Associates LLC grew its holdings in shares of Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock valued at $427,000 after purchasing an additional 470 shares during the last quarter. First Quadrant L P CA grew its holdings in shares of Jacobs Engineering Group by 17.1% during the 3rd quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock valued at $17,618,000 after purchasing an additional 44,080 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock valued at $17,476,000 after purchasing an additional 122,362 shares during the last quarter. 83.33% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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