Jacobs Engineering Group Inc (JEC) COO Terence D. Hagen Sells 12,000 Shares

Jacobs Engineering Group Inc (NYSE:JEC) COO Terence D. Hagen sold 12,000 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $75.50, for a total transaction of $906,000.00. Following the completion of the transaction, the chief operating officer now directly owns 74,775 shares of the company’s stock, valued at approximately $5,645,512.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NYSE JEC traded up $0.61 during trading on Friday, hitting $78.98. The company had a trading volume of 763,189 shares, compared to its average volume of 1,264,176. The firm has a market cap of $11.21 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 1.51 and a beta of 1.45. Jacobs Engineering Group Inc has a fifty-two week low of $55.17 and a fifty-two week high of $82.24. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.46.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Wednesday, February 6th. The construction company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.91 billion. Jacobs Engineering Group had a net margin of 1.96% and a return on equity of 10.57%. Jacobs Engineering Group’s quarterly revenue was up 72.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 earnings per share. Equities research analysts anticipate that Jacobs Engineering Group Inc will post 5.31 EPS for the current fiscal year.

Jacobs Engineering Group declared that its Board of Directors has approved a share repurchase program on Thursday, January 17th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the construction company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc raised its stake in Jacobs Engineering Group by 0.8% during the third quarter. Vanguard Group Inc now owns 13,850,966 shares of the construction company’s stock worth $1,059,598,000 after purchasing an additional 107,375 shares during the period. Lunia Capital LP raised its stake in shares of Jacobs Engineering Group by 9,466.9% in the 4th quarter. Lunia Capital LP now owns 9,932,705 shares of the construction company’s stock valued at $9,933,000 after acquiring an additional 9,828,881 shares during the period. BlackRock Inc. increased its stake in Jacobs Engineering Group by 1.3% during the 4th quarter. BlackRock Inc. now owns 8,488,236 shares of the construction company’s stock worth $496,221,000 after buying an additional 108,339 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Jacobs Engineering Group by 5,218.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,093,344 shares of the construction company’s stock worth $104,000 after buying an additional 5,978,776 shares during the period. Finally, FMR LLC increased its stake in Jacobs Engineering Group by 18.2% during the 4th quarter. FMR LLC now owns 5,092,571 shares of the construction company’s stock worth $297,711,000 after buying an additional 782,724 shares during the period. 89.04% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on the stock. Barclays set a $85.00 target price on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a report on Tuesday, February 19th. Zacks Investment Research cut shares of Jacobs Engineering Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 10th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. DA Davidson dropped their price target on shares of Jacobs Engineering Group to $86.00 and set a “buy” rating on the stock in a research report on Thursday, February 7th. Finally, Argus restated a “buy” rating and set a $68.72 price target (down previously from $84.00) on shares of Jacobs Engineering Group in a research report on Tuesday, February 19th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Jacobs Engineering Group presently has a consensus rating of “Buy” and an average price target of $84.12.

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Jacobs Engineering Group Company Profile

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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