Principal Financial Group Inc. lifted its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 222,083 shares of the construction company’s stock after purchasing an additional 39,221 shares during the quarter. Principal Financial Group Inc. owned about 0.16% of Jacobs Engineering Group worth $13,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Gyroscope Capital Management Group LLC purchased a new position in Jacobs Engineering Group during the 1st quarter valued at $258,000. CIBC World Markets Inc. bought a new stake in Jacobs Engineering Group during the 1st quarter valued at $454,000. Royal Bank of Canada raised its position in Jacobs Engineering Group by 12.1% during the 1st quarter. Royal Bank of Canada now owns 873,497 shares of the construction company’s stock valued at $51,667,000 after purchasing an additional 94,613 shares in the last quarter. Millennium Management LLC raised its position in Jacobs Engineering Group by 14.3% during the 1st quarter. Millennium Management LLC now owns 802,403 shares of the construction company’s stock valued at $47,462,000 after purchasing an additional 100,398 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in Jacobs Engineering Group by 144.4% during the 1st quarter. Select Equity Group L.P. now owns 1,520,317 shares of the construction company’s stock valued at $89,927,000 after purchasing an additional 898,140 shares in the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.

In other news, Director Robert C. Davidson, Jr. sold 700 shares of the business’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $65.95, for a total value of $46,165.00. Following the completion of the transaction, the director now directly owns 28,618 shares of the company’s stock, valued at approximately $1,887,357.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christopher M.T. Thompson purchased 4,000 shares of Jacobs Engineering Group stock in a transaction dated Tuesday, May 22nd. The stock was bought at an average cost of $64.10 per share, with a total value of $256,400.00. Following the completion of the transaction, the director now owns 15,318 shares in the company, valued at approximately $981,883.80. The disclosure for this purchase can be found here. Insiders own 0.74% of the company’s stock.

JEC has been the subject of a number of research analyst reports. Bank of America raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Friday, May 11th. Vertical Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Credit Suisse Group lifted their target price on Jacobs Engineering Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, May 9th. Macquarie raised Jacobs Engineering Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 8th. Finally, UBS Group lifted their target price on Jacobs Engineering Group from $83.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $78.85.

Jacobs Engineering Group opened at $71.88 on Friday, according to MarketBeat.com. The firm has a market capitalization of $10.34 billion, a PE ratio of 22.19, a P/E/G ratio of 1.28 and a beta of 1.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.49. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $73.90.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Monday, August 6th. The construction company reported $1.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.14. The firm had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4 billion. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The business’s revenue for the quarter was up 65.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. research analysts expect that Jacobs Engineering Group Inc will post 4.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Friday, August 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, August 2nd. Jacobs Engineering Group’s payout ratio is 18.52%.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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