86,500 Shares in Jacobs Engineering Group Inc (NYSE:JEC) Acquired by Artemis Investment Management LLP

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Artemis Investment Management LLP purchased a new position in shares of Jacobs Engineering Group Inc (NYSE:JEC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 86,500 shares of the construction company’s stock, valued at approximately $7,899,000.

A number of other hedge funds also recently modified their holdings of JEC. Suvretta Capital Management LLC acquired a new position in Jacobs Engineering Group during the second quarter worth approximately $112,951,000. Price T Rowe Associates Inc. MD increased its position in Jacobs Engineering Group by 178.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,914,838 shares of the construction company’s stock worth $161,593,000 after purchasing an additional 1,228,046 shares during the last quarter. FMR LLC increased its position in Jacobs Engineering Group by 15.5% during the first quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock worth $442,405,000 after purchasing an additional 791,261 shares during the last quarter. Nuveen Asset Management LLC increased its position in Jacobs Engineering Group by 17,355.5% during the second quarter. Nuveen Asset Management LLC now owns 501,321 shares of the construction company’s stock worth $42,307,000 after purchasing an additional 498,449 shares during the last quarter. Finally, Foresters Investment Management Company Inc. increased its position in Jacobs Engineering Group by 187.4% during the second quarter. Foresters Investment Management Company Inc. now owns 625,161 shares of the construction company’s stock worth $52,757,000 after purchasing an additional 407,661 shares during the last quarter. 90.54% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on JEC shares. ValuEngine lowered shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America reissued a “buy” rating and issued a $98.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, August 22nd. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Friday, August 16th. Credit Suisse Group increased their price objective on shares of Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 6th. Finally, Cowen reissued a “buy” rating and issued a $92.00 price objective on shares of Jacobs Engineering Group in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $87.81.

Jacobs Engineering Group stock opened at $91.85 on Friday. Jacobs Engineering Group Inc has a 52-week low of $55.17 and a 52-week high of $94.10. The firm has a fifty day moving average of $89.89 and a 200-day moving average of $82.42. The firm has a market capitalization of $11.97 billion, a P/E ratio of 20.55, a PEG ratio of 1.45 and a beta of 1.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Monday, August 5th. The construction company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.15. Jacobs Engineering Group had a net margin of 5.06% and a return on equity of 11.11%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, research analysts expect that Jacobs Engineering Group Inc will post 4.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, October 3rd. Jacobs Engineering Group’s payout ratio is currently 15.21%.

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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