Jacobs Engineering Group Inc (NYSE:JEC) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 1,065 put options on the stock. This represents an increase of 1,138% compared to the typical volume of 86 put options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Jacobs Engineering Group by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 1,723,590 shares of the construction company’s stock valued at $100,600,000 after acquiring an additional 131,056 shares during the last quarter. First Republic Investment Management Inc. increased its stake in Jacobs Engineering Group by 17.9% in the first quarter. First Republic Investment Management Inc. now owns 7,099 shares of the construction company’s stock valued at $534,000 after acquiring an additional 1,076 shares during the last quarter. Sigma Planning Corp bought a new position in Jacobs Engineering Group in the first quarter valued at approximately $251,000. Robeco Institutional Asset Management B.V. increased its stake in Jacobs Engineering Group by 156.7% in the first quarter. Robeco Institutional Asset Management B.V. now owns 31,107 shares of the construction company’s stock valued at $2,339,000 after acquiring an additional 18,991 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Jacobs Engineering Group by 1.4% in the first quarter. Crossmark Global Holdings Inc. now owns 17,311 shares of the construction company’s stock valued at $1,302,000 after acquiring an additional 240 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

NYSE JEC opened at $90.38 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17. Jacobs Engineering Group has a 1-year low of $55.17 and a 1-year high of $93.93. The company has a 50 day moving average of $85.77 and a 200-day moving average of $79.93. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 1.69 and a beta of 1.37.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.15. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $1.35 earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts forecast that Jacobs Engineering Group will post 4.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, July 26th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.75%. Jacobs Engineering Group’s payout ratio is 15.21%.

Several equities research analysts have issued reports on JEC shares. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, August 16th. Credit Suisse Group raised their price objective on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. KeyCorp lifted their price target on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Cowen reiterated a “buy” rating and issued a $92.00 price target on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th. Thirteen equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $87.81.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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