Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $515,000 Holdings in Jacobs Engineering Group Inc (JEC)

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Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 5.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,851 shares of the construction company’s stock after buying an additional 328 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Jacobs Engineering Group were worth $515,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Advisory Inc. grew its stake in Jacobs Engineering Group by 3.0% during the fourth quarter. Brown Advisory Inc. now owns 48,134 shares of the construction company’s stock worth $2,814,000 after buying an additional 1,400 shares in the last quarter. Vanguard Group Inc grew its stake in Jacobs Engineering Group by 0.8% during the third quarter. Vanguard Group Inc now owns 13,850,966 shares of the construction company’s stock worth $1,059,598,000 after buying an additional 107,375 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Jacobs Engineering Group by 0.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 79,691 shares of the construction company’s stock worth $4,430,000 after buying an additional 359 shares in the last quarter. Northern Trust Corp grew its stake in Jacobs Engineering Group by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,325,633 shares of the construction company’s stock worth $77,496,000 after buying an additional 25,375 shares in the last quarter. Finally, Forte Capital LLC ADV grew its stake in Jacobs Engineering Group by 4.4% during the first quarter. Forte Capital LLC ADV now owns 48,740 shares of the construction company’s stock worth $3,665,000 after buying an additional 2,058 shares in the last quarter. Hedge funds and other institutional investors own 95.23% of the company’s stock.

A number of equities research analysts have issued reports on JEC shares. MKM Partners increased their price objective on shares of Jacobs Engineering Group to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, February 26th. ValuEngine upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Cowen set a $82.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Citigroup set a $83.00 price target on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Robert W. Baird set a $83.00 price target on shares of Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Jacobs Engineering Group presently has an average rating of “Buy” and an average target price of $84.55.

In other news, COO Terence D. Hagen sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $75.50, for a total value of $906,000.00. Following the sale, the chief operating officer now directly owns 74,775 shares in the company, valued at approximately $5,645,512.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph R. Bronson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total transaction of $764,500.00. Following the completion of the sale, the director now owns 35,302 shares in the company, valued at $2,698,837.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,982 shares of company stock worth $1,820,176. 0.92% of the stock is currently owned by corporate insiders.

JEC opened at $75.85 on Monday. Jacobs Engineering Group Inc has a 1-year low of $55.17 and a 1-year high of $82.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $10.36 billion, a PE ratio of 16.97, a P/E/G ratio of 1.63 and a beta of 1.44.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the company posted $1.00 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect that Jacobs Engineering Group Inc will post 4.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.90%. Jacobs Engineering Group’s payout ratio is currently 15.21%.

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Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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