Jacobs Engineering Group Sees Unusually High Options Volume (NYSE:J)

Jacobs Engineering Group Inc. (NYSE:J) saw some unusual options trading on Wednesday. Investors purchased 2,814 call options on the company. This represents an increase of 314% compared to the average daily volume of 680 call options.

Several brokerages have recently issued reports on J. Raymond James began coverage on Jacobs Engineering Group in a report on Thursday, November 18th. They set an “outperform” rating and a $170.00 price objective on the stock. Citigroup upped their price objective on Jacobs Engineering Group from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird upped their price objective on Jacobs Engineering Group from $145.00 to $161.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Credit Suisse Group increased their price target on Jacobs Engineering Group from $156.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jacobs Engineering Group has an average rating of “Buy” and a consensus target price of $152.09.

J stock opened at $148.45 on Friday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $138.43 and its two-hundred day simple moving average is $136.56. Jacobs Engineering Group has a twelve month low of $100.05 and a twelve month high of $149.55. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 1.57 and a beta of 0.85.

Jacobs Engineering Group (NYSE:J) last released its earnings results on Tuesday, November 23rd. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.01. Jacobs Engineering Group had a return on equity of 13.75% and a net margin of 3.68%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same quarter last year, the firm posted $1.63 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Research analysts expect that Jacobs Engineering Group will post 6.24 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 29th. Shareholders of record on Friday, October 15th were paid a $0.21 dividend. The ex-dividend date was Thursday, October 14th. This represents a $0.84 dividend on an annualized basis and a yield of 0.57%. Jacobs Engineering Group’s payout ratio is 24.07%.

In other Jacobs Engineering Group news, CFO Kevin C. Berryman sold 73,685 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $145.74, for a total value of $10,738,851.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Steven J. Demetriou sold 98,739 shares of the company’s stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $145.76, for a total value of $14,392,196.64. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of J. American Century Companies Inc. grew its position in shares of Jacobs Engineering Group by 25,464.5% during the 2nd quarter. American Century Companies Inc. now owns 650,617 shares of the company’s stock worth $86,805,000 after buying an additional 648,072 shares in the last quarter. Ninety One UK Ltd grew its position in shares of Jacobs Engineering Group by 31.9% during the 3rd quarter. Ninety One UK Ltd now owns 2,086,173 shares of the company’s stock worth $276,481,000 after buying an additional 504,294 shares in the last quarter. Capital World Investors grew its position in shares of Jacobs Engineering Group by 6.5% during the 3rd quarter. Capital World Investors now owns 6,692,125 shares of the company’s stock worth $886,907,000 after buying an additional 408,849 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Jacobs Engineering Group during the 2nd quarter worth $33,735,000. Finally, Renaissance Technologies LLC grew its position in shares of Jacobs Engineering Group by 177.4% during the 2nd quarter. Renaissance Technologies LLC now owns 227,200 shares of the company’s stock worth $30,313,000 after buying an additional 145,300 shares in the last quarter. 85.31% of the stock is currently owned by institutional investors and hedge funds.

About Jacobs Engineering Group

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

Further Reading: Market Capitalization in the Stock Market

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.