Palo Capital Inc. lessened its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,995 shares of the construction company’s stock after selling 960 shares during the period. Palo Capital Inc.’s holdings in Jacobs Engineering Group were worth $923,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of JEC. Wells Fargo & Company MN lifted its holdings in Jacobs Engineering Group by 68.7% during the 3rd quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock worth $233,784,000 after purchasing an additional 1,634,127 shares in the last quarter. First Quadrant L P CA lifted its holdings in 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 worth $17,618,000 after purchasing an additional 44,080 shares in the last quarter. Hahn Capital Management LLC lifted its holdings in Jacobs Engineering Group by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 668,319 shares of the construction company’s stock worth $38,943,000 after purchasing an additional 6,434 shares in the last quarter. Waters Parkerson & CO. LLC lifted its holdings in Jacobs Engineering Group by 2.5% during the 3rd quarter. Waters Parkerson & CO. LLC now owns 213,268 shares of the construction company’s stock worth $12,427,000 after purchasing an additional 5,295 shares in the last quarter. Finally, Exane Derivatives purchased a new stake in Jacobs Engineering Group during the 3rd quarter worth about $789,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Jacobs Engineering Group Inc (NYSE:JEC) opened at $70.23 on Tuesday. Jacobs Engineering Group Inc has a 1-year low of $49.31 and a 1-year high of $70.47. The firm has a market capitalization of $9,990.00, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.40 and a beta of 1.56. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.16. The firm had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.77 EPS. equities research analysts forecast that Jacobs Engineering Group Inc will post 3.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be given 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 dividend yield of 0.85%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 24.79%.

JEC has been the topic of a number of recent research reports. Robert W. Baird reissued a “hold” rating and set a $63.00 price objective on shares of Jacobs Engineering Group in a report on Friday, October 6th. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, November 23rd. ValuEngine cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Jacobs Engineering Group in a report on Thursday, January 18th. Finally, Citigroup set a $64.00 price target on Jacobs Engineering Group and gave the company a “hold” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.40.

In other news, Director Joseph R. Bronson sold 6,125 shares of the stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the transaction, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.74% of the stock is currently owned by corporate insiders.

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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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