Jacobs Engineering Group (JEC) Sees Large Volume Increase

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Jacobs Engineering Group Inc (NYSE:JEC) shares saw unusually-strong trading volume on Monday . Approximately 2,471,405 shares traded hands during trading, an increase of 114% from the previous session’s volume of 1,153,248 shares.The stock last traded at $77.21 and had previously closed at $72.28.

A number of equities research analysts recently commented on JEC shares. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Jefferies Financial Group reaffirmed a “hold” rating and set a $74.00 target price on shares of Jacobs Engineering Group in a report on Tuesday, August 7th. DA Davidson raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, August 6th. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. Finally, KeyCorp boosted their price target on Jacobs Engineering Group from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 7th. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $82.15.

The firm has a market cap of $10.26 billion, a PE ratio of 23.83, a P/E/G ratio of 1.07 and a beta of 1.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.45 and a quick ratio of 1.45.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.14. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The company had revenue of $4.16 billion during the quarter, compared to the consensus estimate of $4 billion. During the same period in the previous year, the company posted $0.79 earnings per share. Jacobs Engineering Group’s revenue for the quarter was up 65.3% on a year-over-year basis. On average, research analysts anticipate that Jacobs Engineering Group Inc will post 4.38 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 27th. Jacobs Engineering Group’s payout ratio is presently 18.52%.

A number of large investors have recently made changes to their positions in JEC. Point72 Asset Management L.P. lifted its holdings in Jacobs Engineering Group by 658.9% in the second quarter. Point72 Asset Management L.P. now owns 710,289 shares of the construction company’s stock valued at $45,096,000 after acquiring an additional 616,689 shares during the period. Marshall Wace LLP acquired a new position in shares of Jacobs Engineering Group during the 2nd quarter worth approximately $38,937,000. Millennium Management LLC raised its stake in shares of Jacobs Engineering Group by 66.1% during the 2nd quarter. Millennium Management LLC now owns 1,332,939 shares of the construction company’s stock worth $84,628,000 after buying an additional 530,536 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Jacobs Engineering Group by 328.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 656,055 shares of the construction company’s stock worth $41,653,000 after buying an additional 503,004 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Jacobs Engineering Group by 70.1% during the 2nd quarter. American Century Companies Inc. now owns 1,167,192 shares of the construction company’s stock worth $74,105,000 after buying an additional 481,062 shares during the period. 86.47% of the stock is owned by institutional investors.

Jacobs Engineering Group Company Profile (NYSE:JEC)

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.

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