Meitav Dash Investments Ltd. Boosts Stock Holdings in Jacobs Engineering Group Inc. (NYSE:J)

Meitav Dash Investments Ltd. increased its stake in Jacobs Engineering Group Inc. (NYSE:JGet Rating) by 8.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,728 shares of the company’s stock after purchasing an additional 5,270 shares during the quarter. Meitav Dash Investments Ltd. owned 0.05% of Jacobs Engineering Group worth $9,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in J. Perkins Coie Trust Co purchased a new position in shares of Jacobs Engineering Group in the 1st quarter worth $29,000. Riverview Trust Co purchased a new position in shares of Jacobs Engineering Group in the 1st quarter worth $31,000. Lazard Asset Management LLC purchased a new position in shares of Jacobs Engineering Group in the 4th quarter worth $37,000. Retirement Planning Co of New England Inc. purchased a new position in shares of Jacobs Engineering Group in the 4th quarter worth $38,000. Finally, Koshinski Asset Management Inc. grew its stake in shares of Jacobs Engineering Group by 347.6% in the 1st quarter. Koshinski Asset Management Inc. now owns 376 shares of the company’s stock worth $52,000 after buying an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Jacobs Engineering Group Stock Down 1.0 %

J stock opened at $127.50 on Friday. The firm’s fifty day simple moving average is $128.38 and its 200-day simple moving average is $131.47. The company has a market capitalization of $16.27 billion, a P/E ratio of 35.81, a price-to-earnings-growth ratio of 1.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 1.25. Jacobs Engineering Group Inc. has a 12 month low of $114.11 and a 12 month high of $150.32.

Jacobs Engineering Group (NYSE:JGet Rating) last released its quarterly earnings data on Monday, August 1st. The company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.80 by $0.06. Jacobs Engineering Group had a net margin of 3.16% and a return on equity of 14.45%. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.83 billion. During the same period in the prior year, the firm earned $1.64 EPS. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts forecast that Jacobs Engineering Group Inc. will post 6.94 earnings per share for the current year.

Jacobs Engineering Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, July 29th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, July 28th. Jacobs Engineering Group’s dividend payout ratio is presently 25.84%.

Wall Street Analysts Forecast Growth

J has been the subject of a number of recent analyst reports. StockNews.com raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Citigroup decreased their price objective on shares of Jacobs Engineering Group from $155.00 to $151.00 and set a “buy” rating for the company in a report on Tuesday. Credit Suisse Group decreased their price objective on shares of Jacobs Engineering Group from $159.00 to $154.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Royal Bank of Canada decreased their price objective on shares of Jacobs Engineering Group from $160.00 to $155.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $158.57.

Jacobs Engineering Group Company Profile

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Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.

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

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