Municipal Employees Retirement System of Michigan raised its holdings in Jacobs Engineering Group Inc (NYSE:JEC) by 26.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,160 shares of the construction company’s stock after purchasing an additional 2,970 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Jacobs Engineering Group were worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. BlackRock Inc. grew its stake in Jacobs Engineering Group by 2.2% in the 4th quarter. BlackRock Inc. now owns 8,139,258 shares of the construction company’s stock valued at $536,866,000 after purchasing an additional 174,080 shares during the period. Ruane Cunniff & Goldfarb Inc. grew its stake in Jacobs Engineering Group by 9.4% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock valued at $331,711,000 after purchasing an additional 487,089 shares during the period. Wells Fargo & Company MN grew its stake in Jacobs Engineering Group by 6.9% in the 4th quarter. Wells Fargo & Company MN now owns 4,288,179 shares of the construction company’s stock valued at $282,848,000 after purchasing an additional 276,095 shares during the period. Dimensional Fund Advisors LP grew its stake in Jacobs Engineering Group by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock valued at $185,962,000 after purchasing an additional 19,954 shares during the period. Finally, Geode Capital Management LLC grew its stake in Jacobs Engineering Group by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 1,361,374 shares of the construction company’s stock valued at $89,618,000 after purchasing an additional 50,945 shares during the period. Hedge funds and other institutional investors own 82.19% of the company’s stock.

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Jacobs Engineering Group stock opened at $60.53 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $8,518.70, a price-to-earnings ratio of 31.04, a PEG ratio of 1.12 and a beta of 1.54. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $72.18.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.10. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.56 billion. Jacobs Engineering Group had a return on equity of 8.59% and a net margin of 2.30%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. research analysts forecast that Jacobs Engineering Group Inc will post 4.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, February 16th were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. Jacobs Engineering Group’s payout ratio is 30.77%.

A number of research analysts have issued reports on JEC shares. DA Davidson restated a “hold” rating and issued a $68.00 price objective on shares of Jacobs Engineering Group in a research note on Wednesday, November 22nd. They noted that the move was a valuation call. KeyCorp upped their price objective 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. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 23rd. Finally, Robert W. Baird restated a “hold” rating and issued a $69.00 price objective on shares of Jacobs Engineering Group in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company. Jacobs Engineering Group has an average rating of “Hold” and a consensus price target of $74.00.

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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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