Nisa Investment Advisors LLC Buys 1,200 Shares of Jacobs Engineering Group Inc (JEC)
Nisa Investment Advisors LLC increased its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 4.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 26,455 shares of the construction company’s stock after buying an additional 1,200 shares during the period. Nisa Investment Advisors LLC’s holdings in Jacobs Engineering Group were worth $1,745,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of JEC. Nationwide Fund Advisors grew its stake in shares of Jacobs Engineering Group by 22.3% in the 2nd quarter. Nationwide Fund Advisors now owns 52,687 shares of the construction company’s stock worth $2,866,000 after buying an additional 9,605 shares during the last quarter. Amalgamated Bank grew its stake in shares of Jacobs Engineering Group by 22.7% in the 2nd quarter. Amalgamated Bank now owns 23,465 shares of the construction company’s stock worth $1,276,000 after buying an additional 4,343 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Jacobs Engineering Group by 9.0% in the 2nd quarter. Mutual of America Capital Management LLC now owns 14,870 shares of the construction company’s stock worth $809,000 after buying an additional 1,233 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Jacobs Engineering Group by 4.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 349,946 shares of the construction company’s stock worth $19,034,000 after buying an additional 15,044 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Jacobs Engineering Group in the 2nd quarter worth approximately $225,000. Institutional investors own 72.15% of the company’s stock.
Several research firms recently weighed in on JEC. Credit Suisse Group restated an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a research note on Thursday. Barclays began coverage on Jacobs Engineering Group in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 price target on the stock. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Monday, January 8th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, KeyCorp increased their target price on Jacobs Engineering Group from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $70.40.
Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, November 21st. The construction company reported $0.98 EPS for the quarter, beating the 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 business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the business posted $0.77 EPS. The company’s revenue was up .5% compared to the same quarter last year. equities research analysts anticipate that Jacobs Engineering Group Inc will post 3.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.60 annualized dividend and a yield of 0.86%. Jacobs Engineering Group’s dividend payout ratio is 24.69%.
In other Jacobs Engineering Group news, Director Joseph R. Bronson sold 6,125 shares of the 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 sale, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.74% of the company’s stock.
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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.
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