CIBC Asset Management Inc bought a new position in shares of Jacobs Engineering (NYSE:J) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 24,083 shares of the company’s stock, valued at approximately $2,042,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of J. Ellevest Inc. purchased a new position in shares of Jacobs Engineering in the 2nd quarter valued at approximately $42,000. Envestnet Asset Management Inc. purchased a new stake in shares of Jacobs Engineering in the second quarter valued at approximately $15,302,000. Wedge Capital Management L L P NC purchased a new stake in shares of Jacobs Engineering in the second quarter valued at approximately $13,234,000. Chesley Taft & Associates LLC acquired a new position in Jacobs Engineering during the second quarter worth $335,000. Finally, State Street Corp acquired a new position in Jacobs Engineering during the first quarter worth $723,368,000. 88.87% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Linda Fayne Levinson sold 1,000 shares of Jacobs Engineering stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $85.21, for a total value of $85,210.00. Following the completion of the sale, the director now owns 56,888 shares of the company’s stock, valued at $4,847,426.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is owned by insiders.
Shares of NYSE:J opened at $85.35 on Friday. The company has a market cap of $11.11 billion, a P/E ratio of 15.61, a P/E/G ratio of 2.46 and a beta of 0.96. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.55. Jacobs Engineering has a 52 week low of $59.29 and a 52 week high of $104.00. The business has a fifty day simple moving average of $83.28 and a 200-day simple moving average of $85.51.
Jacobs Engineering (NYSE:J) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.13. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. Jacobs Engineering had a return on equity of 12.61% and a net margin of 6.23%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Sell-side analysts expect that Jacobs Engineering will post 4.99 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Thursday, July 23rd. Jacobs Engineering’s dividend payout ratio is currently 15.05%.
J has been the subject of several research reports. Zacks Investment Research cut Jacobs Engineering from a “hold” rating to a “sell” rating and set a $89.00 price objective for the company. in a report on Tuesday, July 7th. DA Davidson cut their price target on Jacobs Engineering from $110.00 to $95.00 in a report on Monday, May 11th. Benchmark cut their price target on Jacobs Engineering from $115.00 to $105.00 and set a “buy” rating for the company in a report on Monday, May 11th. William Blair reissued a “buy” rating on shares of Jacobs Engineering in a report on Tuesday, June 2nd. Finally, Argus cut their price target on Jacobs Engineering from $116.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $99.80.
Jacobs Engineering Company Profile
Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. Jacobs provides professional services through two lines of businesses: Critical Mission Solutions, and People and Places Solutions.
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