Jacobs Engineering Group Inc (NYSE:JEC) Stock Holdings Lessened by Somerville Kurt F

Somerville Kurt F lowered its stake in Jacobs Engineering Group Inc (NYSE:JEC) by 4.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,150 shares of the construction company’s stock after selling 300 shares during the period. Somerville Kurt F’s holdings in Jacobs Engineering Group were worth $519,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of JEC. FMR LLC grew its holdings in shares of Jacobs Engineering Group by 15.5% during the 1st quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock valued at $442,405,000 after acquiring an additional 791,261 shares in the last quarter. Rubric Capital Management LP bought a new stake in Jacobs Engineering Group in the first quarter worth $25,196,000. AGF Investments Inc. boosted its holdings in Jacobs Engineering Group by 50.7% in the first quarter. AGF Investments Inc. now owns 970,408 shares of the construction company’s stock worth $72,965,000 after purchasing an additional 326,671 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in Jacobs Engineering Group by 112,453.6% in the first quarter. Thompson Siegel & Walmsley LLC now owns 298,267 shares of the construction company’s stock worth $22,427,000 after purchasing an additional 298,002 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Jacobs Engineering Group by 222.5% in the first quarter. Bank of Montreal Can now owns 249,498 shares of the construction company’s stock worth $18,760,000 after purchasing an additional 172,128 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

In related news, Director Joseph R. Bronson sold 10,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total value of $764,500.00. Following the completion of the transaction, the director now owns 35,302 shares of the company’s stock, valued at $2,698,837.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael R. Tyler sold 650 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $75.69, for a total transaction of $49,198.50. Following the completion of the transaction, the senior vice president now directly owns 25,844 shares of the company’s stock, valued at approximately $1,956,132.36. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company’s stock.

NYSE:JEC traded down $0.90 during mid-day trading on Friday, hitting $79.67. The company’s stock had a trading volume of 1,079,731 shares, compared to its average volume of 773,208. Jacobs Engineering Group Inc has a fifty-two week low of $55.17 and a fifty-two week high of $85.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $11.01 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.42 and a beta of 1.41. The company has a fifty day simple moving average of $83.38.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.10. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts expect that Jacobs Engineering Group Inc will post 4.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, July 26th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 15.21%.

JEC has been the subject of a number of recent research reports. Barclays reiterated an “overweight” rating and issued a $85.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, April 30th. KeyCorp upped their price target on shares of Jacobs Engineering Group from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. ValuEngine cut shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday. Cowen restated a “buy” rating and set a $92.00 price target on shares of Jacobs Engineering Group in a report on Wednesday, April 24th. Finally, Zacks Investment Research lowered shares of Jacobs Engineering Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Jacobs Engineering Group presently has an average rating of “Buy” and an average price target of $84.84.

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

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