Swiss National Bank Lowers Position in Jacobs Engineering Group Inc. (NYSE:J)

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Swiss National Bank trimmed its holdings in shares of Jacobs Engineering Group Inc. (NYSE:J) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 506,356 shares of the company’s stock after selling 19,900 shares during the period. Swiss National Bank owned approximately 0.39% of Jacobs Engineering Group worth $46,975,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in J. NEXT Financial Group Inc purchased a new position in shares of Jacobs Engineering Group during the third quarter valued at approximately $25,000. Exane Derivatives raised its holdings in Jacobs Engineering Group by 1,347.4% in the 3rd quarter. Exane Derivatives now owns 275 shares of the company’s stock worth $26,000 after acquiring an additional 256 shares during the last quarter. Sandy Spring Bank purchased a new position in Jacobs Engineering Group in the 2nd quarter worth approximately $31,000. Weaver Consulting Group purchased a new position in Jacobs Engineering Group in the 2nd quarter worth approximately $34,000. Finally, Parallel Advisors LLC purchased a new position in Jacobs Engineering Group in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 88.46% of the company’s stock.

NYSE:J opened at $103.80 on Friday. Jacobs Engineering Group Inc. has a 12 month low of $59.29 and a 12 month high of $108.17. The company has a 50 day simple moving average of $98.62 and a two-hundred day simple moving average of $88.90. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.37. The company has a market cap of $13.52 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Thursday, October 1st. Jacobs Engineering Group’s payout ratio is 15.05%.

A number of brokerages recently weighed in on J. KeyCorp boosted their price objective on shares of Jacobs Engineering Group from $95.00 to $101.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Argus boosted their price objective on shares of Jacobs Engineering Group from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Credit Suisse Group restated a “buy” rating and issued a $100.00 price objective on shares of Jacobs Engineering Group in a report on Wednesday, July 29th. Sanford C. Bernstein assumed coverage on shares of Jacobs Engineering Group in a research report on Tuesday, September 22nd. They issued an “outperform” rating for the company. Finally, Citigroup lifted their target price on shares of Jacobs Engineering Group from $98.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $102.00.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Canada, Europe, Asia, India, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates through Critical Mission Solutions, and People & Places Solutions segments.

Further Reading: Understanding Specialty Certificates of Deposit

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

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