Eaton Vance Management maintained its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,451 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in Jacobs Engineering Group were worth $2,911,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of JEC. Boston Partners increased its position in shares of Jacobs Engineering Group by 5,194.5% in the second quarter. Boston Partners now owns 3,445,961 shares of the company’s stock worth $171,643,000 after buying an additional 3,380,875 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in shares of Jacobs Engineering Group during the first quarter worth approximately $96,945,000. Bank of Montreal Can purchased a new position in shares of Jacobs Engineering Group during the second quarter worth approximately $43,824,000. JPMorgan Chase & Co. increased its position in shares of Jacobs Engineering Group by 185.6% in the second quarter. JPMorgan Chase & Co. now owns 798,748 shares of the company’s stock worth $39,785,000 after buying an additional 519,040 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Jacobs Engineering Group by 22.9% in the second quarter. Victory Capital Management Inc. now owns 2,048,316 shares of the company’s stock worth $102,027,000 after buying an additional 381,071 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.
Jacobs Engineering Group Inc. (NYSE:JEC) traded up 0.85% during trading on Thursday, reaching $51.07. The company’s stock had a trading volume of 87,130 shares. The stock has a market cap of $6.20 billion, a P/E ratio of 29.61 and a beta of 1.69. The firm’s 50-day moving average is $52.65 and its 200-day moving average is $49.01. Jacobs Engineering Group Inc. has a 52-week low of $34.76 and a 52-week high of $55.89.
Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.03. The company earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Jacobs Engineering Group had a return on equity of 8.58% and a net margin of 1.84%. Jacobs Engineering Group’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Equities research analysts forecast that Jacobs Engineering Group Inc. will post $3.08 EPS for the current year.
A number of research analysts have commented on JEC shares. MKM Partners started coverage on Jacobs Engineering Group in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $49.00 target price on the stock. Citigroup Inc. restated a “buy” rating on shares of Jacobs Engineering Group in a research note on Tuesday, July 26th. Johnson Rice cut Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research report on Thursday, August 11th. DA Davidson boosted their price target on Jacobs Engineering Group from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Argus reaffirmed a “buy” rating and issued a $60.00 price target (up previously from $58.00) on shares of Jacobs Engineering Group in a research report on Friday, August 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. Jacobs Engineering Group has a consensus rating of “Hold” and a consensus price target of $48.52.
In other news, insider Terence D. Hagen sold 18,639 shares of the firm’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $54.73, for a total value of $1,020,112.47. Following the completion of the transaction, the insider now owns 27,022 shares in the company, valued at approximately $1,478,914.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel G. Watson sold 66,666 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $49.28, for a total value of $3,285,300.48. Following the completion of the transaction, the director now owns 770,003 shares of the company’s stock, valued at approximately $37,945,747.84. The disclosure for this sale can be found here. 3.16% of the stock is owned by insiders.
Jacobs Engineering Group Company Profile
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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