National Asset Management Inc. Grows Stake in Jacobs Engineering Group Inc. (NYSE:J)

National Asset Management Inc. lifted its stake in shares of Jacobs Engineering Group Inc. (NYSE:JGet Rating) by 21.9% in the first quarter, Holdings Channel reports. The firm owned 2,450 shares of the company’s stock after buying an additional 440 shares during the period. National Asset Management Inc.’s holdings in Jacobs Engineering Group were worth $339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its position in Jacobs Engineering Group by 0.5% during the fourth quarter. State Street Corp now owns 8,479,505 shares of the company’s stock worth $1,180,601,000 after acquiring an additional 42,028 shares during the last quarter. Capital World Investors boosted its position in Jacobs Engineering Group by 5.9% during the fourth quarter. Capital World Investors now owns 7,087,867 shares of the company’s stock worth $986,844,000 after acquiring an additional 395,742 shares during the last quarter. Select Equity Group L.P. boosted its position in Jacobs Engineering Group by 8.0% during the fourth quarter. Select Equity Group L.P. now owns 5,172,939 shares of the company’s stock worth $720,228,000 after acquiring an additional 384,628 shares during the last quarter. Geode Capital Management LLC boosted its position in Jacobs Engineering Group by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 2,393,288 shares of the company’s stock worth $332,340,000 after acquiring an additional 53,662 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Jacobs Engineering Group by 3.2% during the fourth quarter. Bank of America Corp DE now owns 1,287,421 shares of the company’s stock worth $179,247,000 after acquiring an additional 40,018 shares during the last quarter. Hedge funds and other institutional investors own 85.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on J. Royal Bank of Canada began coverage on shares of Jacobs Engineering Group in a research report on Wednesday, April 27th. They set an “outperform” rating and a $173.00 price target on the stock. StockNews.com upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, May 6th. Citigroup decreased their target price on shares of Jacobs Engineering Group from $170.00 to $155.00 in a report on Friday, July 22nd. Finally, Credit Suisse Group set a $159.00 target price on shares of Jacobs Engineering Group in a report on Tuesday, July 19th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Jacobs Engineering Group has a consensus rating of “Moderate Buy” and an average price target of $162.43.

Jacobs Engineering Group Price Performance

Jacobs Engineering Group stock opened at $137.30 on Friday. The company’s 50 day simple moving average is $129.35 and its 200-day simple moving average is $131.61. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 1.58 and a beta of 0.83. Jacobs Engineering Group Inc. has a 1 year low of $114.11 and a 1 year high of $150.32. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.25 and a current ratio of 1.25.

Jacobs Engineering Group (NYSE:JGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.74 billion. Jacobs Engineering Group had a net margin of 3.00% and a return on equity of 13.94%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS. As a group, equities research analysts expect that Jacobs Engineering Group Inc. will post 7.06 earnings per share for the current year.

Jacobs Engineering Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, July 29th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, July 28th. Jacobs Engineering Group’s dividend payout ratio (DPR) is 32.06%.

About Jacobs Engineering Group

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

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

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