Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Jacobs Engineering Group Inc (JEC)

Mitsubishi UFJ Trust & Banking Corp cut its position in Jacobs Engineering Group Inc (NYSE:JEC) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 245,470 shares of the construction company’s stock after selling 1,901 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Jacobs Engineering Group were worth $13,570,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Jacobs Engineering Group by 2.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 18,745 shares of the construction company’s stock worth $969,000 after buying an additional 429 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Jacobs Engineering Group by 6.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 437,515 shares of the construction company’s stock worth $22,628,000 after buying an additional 25,993 shares during the period. Huntington National Bank raised its stake in shares of Jacobs Engineering Group by 256.3% in the third quarter. Huntington National Bank now owns 12,890 shares of the construction company’s stock worth $667,000 after buying an additional 9,272 shares during the period. Hanseatic Management Services Inc. raised its stake in shares of Jacobs Engineering Group by 14.1% in the third quarter. Hanseatic Management Services Inc. now owns 53,299 shares of the construction company’s stock worth $2,757,000 after buying an additional 6,591 shares during the period. Finally, Front Barnett Associates LLC raised its stake in shares of Jacobs Engineering Group by 0.3% in the third quarter. Front Barnett Associates LLC now owns 259,308 shares of the construction company’s stock worth $13,411,000 after buying an additional 686 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

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

Jacobs Engineering Group Inc (NYSE:JEC) traded up 3.13% during mid-day trading on Friday, reaching $53.01. 1,382,478 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $54.22 and its 200 day moving average price is $56.67. The stock has a market capitalization of $6.38 billion, a PE ratio of 30.82 and a beta of 1.66. Jacobs Engineering Group Inc has a 12 month low of $47.14 and a 12 month high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, May 9th. The construction company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.71 by $0.07. The firm had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Jacobs Engineering Group had a return on equity of 8.33% and a net margin of 2.10%. Jacobs Engineering Group’s quarterly revenue was down 17.2% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. Equities research analysts predict that Jacobs Engineering Group Inc will post $3.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 19th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $0.60 annualized dividend and a yield of 1.17%.

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JEC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, January 24th. Credit Suisse Group AG lifted their price target on shares of Jacobs Engineering Group to $71.00 in a research note on Tuesday, January 31st. Jefferies Group LLC restated a “hold” rating and issued a $61.00 price target (down previously from $64.00) on shares of Jacobs Engineering Group in a research note on Thursday, February 9th. DA Davidson restated a “neutral” rating on shares of Jacobs Engineering Group in a research note on Thursday, February 9th. Finally, Robert W. Baird restated a “neutral” rating and issued a $64.00 price target (up previously from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and a consensus price target of $61.11.

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.

5 Day Chart for NYSE:JEC

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