Mount Yale Investment Advisors LLC Acquires New Position in Jacobs Engineering Group Inc (JEC)

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Mount Yale Investment Advisors LLC acquired a new position in Jacobs Engineering Group Inc (NYSE:JEC) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,359 shares of the construction company’s stock, valued at approximately $258,000.

Several other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Jacobs Engineering Group by 2.0% in the first quarter. BlackRock Inc. now owns 8,305,434 shares of the construction company’s stock worth $491,265,000 after purchasing an additional 166,176 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Jacobs Engineering Group by 11.5% in the first quarter. Wells Fargo & Company MN now owns 4,779,752 shares of the construction company’s stock worth $282,722,000 after purchasing an additional 491,573 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in shares of Jacobs Engineering Group by 21.1% in the first quarter. Artisan Partners Limited Partnership now owns 2,794,789 shares of the construction company’s stock worth $165,312,000 after purchasing an additional 487,099 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Jacobs Engineering Group by 144.4% in the first quarter. Select Equity Group L.P. now owns 1,520,317 shares of the construction company’s stock worth $89,927,000 after purchasing an additional 898,140 shares during the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in shares of Jacobs Engineering Group by 66.5% in the first quarter. Epoch Investment Partners Inc. now owns 1,518,212 shares of the construction company’s stock worth $89,803,000 after purchasing an additional 606,335 shares during the last quarter. 84.89% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Christopher M.T. Thompson acquired 4,000 shares of Jacobs Engineering Group stock in a transaction on Tuesday, May 22nd. The stock was acquired at an average cost of $64.10 per share, with a total value of $256,400.00. Following the completion of the acquisition, the director now owns 15,318 shares in the company, valued at $981,883.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Davidson, Jr. sold 700 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $65.95, for a total value of $46,165.00. Following the transaction, the director now directly owns 28,618 shares of the company’s stock, valued at $1,887,357.10. The disclosure for this sale can be found here. 0.74% of the stock is currently owned by corporate insiders.

Several analysts have recently commented on the company. Bank of America raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $78.00 price objective for the company in a research note on Friday, May 11th. Credit Suisse Group increased their price objective on Jacobs Engineering Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Vertical Research raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Macquarie raised Jacobs Engineering Group from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 8th. Finally, Goldman Sachs Group raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $75.54.

Shares of JEC opened at $63.49 on Friday. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $72.18. The company has a market cap of $9.02 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.49 and a quick ratio of 1.49.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings data on Tuesday, May 8th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.13. Jacobs Engineering Group had a return on equity of 8.76% and a net margin of 1.97%. The business had revenue of $3.94 billion during the quarter, compared to analyst estimates of $3.60 billion. During the same period in the prior year, the company earned $0.78 earnings per share. Jacobs Engineering Group’s revenue was up 70.9% compared to the same quarter last year. equities research analysts predict that Jacobs Engineering Group Inc will post 4.26 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 18th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, May 17th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 18.52%.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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

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