Numeric Investors LLC purchased a new position in Jacobs Engineering Group Inc (NYSE:JEC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,100 shares of the construction company’s stock, valued at approximately $234,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in JEC. Baldwin Brothers Inc. MA acquired a new position in shares of Jacobs Engineering Group during the third quarter worth about $129,000. Fuller & Thaler Asset Management Inc. raised its position in shares of Jacobs Engineering Group by 40.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,800 shares of the construction company’s stock worth $145,000 after buying an additional 800 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Jacobs Engineering Group by 10.7% in the third quarter. Daiwa Securities Group Inc. now owns 3,100 shares of the construction company’s stock worth $160,000 after buying an additional 300 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Jacobs Engineering Group by 112.2% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 3,196 shares of the construction company’s stock worth $165,000 after buying an additional 1,690 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Jacobs Engineering Group during the third quarter worth about $172,000. Institutional investors own 85.02% of the company’s stock.
Shares of Jacobs Engineering Group Inc (NYSE:JEC) traded down 0.37% during midday trading on Thursday, hitting $53.68. The stock had a trading volume of 561,411 shares. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 29.02 and a beta of 1.66. Jacobs Engineering Group Inc has a 52 week low of $43.34 and a 52 week high of $63.42. The stock has a 50 day moving average price of $55.00 and a 200-day moving average price of $56.20.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Wednesday, February 8th. The construction company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.05. The firm earned $2.60 billion during the quarter, compared to analyst estimates of $2.80 billion. Jacobs Engineering Group had a net margin of 2.10% and a return on equity of 8.33%. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. Equities research analysts anticipate that Jacobs Engineering Group Inc will post $3.13 earnings per share for the current year.
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A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday, April 11th. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price objective (down previously from $64.00) on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Credit Suisse Group AG upped their price objective on Jacobs Engineering Group to $71.00 in a report on Tuesday, January 31st. Finally, DA Davidson restated a “neutral” rating on shares of Jacobs Engineering Group in a report on Thursday, February 9th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $61.00.
About Jacobs Engineering Group
Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
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