JPMorgan Chase & Co. lifted its position in Jacobs Engineering Group Inc (NYSE:JEC) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 696,964 shares of the construction company’s stock after buying an additional 42,182 shares during the quarter. JPMorgan Chase & Co. owned about 0.58% of Jacobs Engineering Group worth $40,544,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Bingham Osborn & Scarborough LLC grew its stake in shares of Jacobs Engineering Group by 0.3% in the second quarter. Bingham Osborn & Scarborough LLC now owns 5,617 shares of the construction company’s stock valued at $306,000 after buying an additional 17 shares in the last quarter. CIBC Asset Management Inc boosted its position in Jacobs Engineering Group by 0.3% during the second quarter. CIBC Asset Management Inc now owns 11,950 shares of the construction company’s stock worth $650,000 after purchasing an additional 34 shares during the period. Louisiana State Employees Retirement System boosted its position in Jacobs Engineering Group by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the construction company’s stock worth $408,000 after purchasing an additional 100 shares during the period. Scotia Capital Inc. boosted its position in Jacobs Engineering Group by 0.5% during the second quarter. Scotia Capital Inc. now owns 24,145 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 121 shares during the period. Finally, Security National Bank of SO Dak boosted its position in Jacobs Engineering Group by 0.5% during the second quarter. Security National Bank of SO Dak now owns 28,544 shares of the construction company’s stock worth $1,552,000 after purchasing an additional 146 shares during the period. 85.14% of the stock is owned by institutional investors and hedge funds.

In other news, Director Joseph R. Bronson sold 6,125 shares of Jacobs Engineering Group stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by company insiders.

Jacobs Engineering Group Inc (JEC) traded up $0.82 on Monday, hitting $68.51. The stock had a trading volume of 854,100 shares, compared to its average volume of 823,658. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $68.97. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $8,256.92, a P/E ratio of 21.21, a P/E/G ratio of 1.49 and a beta of 1.56.

Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm earned $0.77 earnings per share. The company’s revenue was up .5% on a year-over-year basis. sell-side analysts expect that Jacobs Engineering Group Inc will post 3.44 EPS for the current year.

A number of research firms have commented on JEC. MKM Partners set a $61.00 price objective on shares of Jacobs Engineering Group and gave the stock a “neutral” rating in a research report on Tuesday, November 28th. Argus reaffirmed a “buy” rating and set a $73.00 price objective on shares of Jacobs Engineering Group in a research report on Monday, November 27th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a “hold” rating and set a $69.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, November 24th. Zacks Investment Research cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. Finally, ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $67.44.

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Jacobs Engineering Group 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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