Deane Retirement Strategies Inc. Takes Position in Jacobs Engineering Group Inc (JEC)

Deane Retirement Strategies Inc. acquired a new stake in Jacobs Engineering Group Inc (NYSE:JEC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 27,772 shares of the construction company’s stock, valued at approximately $1,832,000. Jacobs Engineering Group comprises about 1.7% of Deane Retirement Strategies Inc.’s holdings, making the stock its 17th largest position.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Jacobs Engineering Group by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 11,936,467 shares of the construction company’s stock valued at $649,225,000 after acquiring an additional 150,333 shares during the last quarter. Ruane Cunniff & Goldfarb Inc. lifted its holdings in shares of Jacobs Engineering Group by 9.4% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 5,692,656 shares of the construction company’s stock worth $331,711,000 after buying an additional 487,089 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Jacobs Engineering Group by 68.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,012,084 shares of the construction company’s stock worth $233,784,000 after buying an additional 1,634,127 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Jacobs Engineering Group by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,191,405 shares of the construction company’s stock worth $185,962,000 after buying an additional 19,954 shares during the period. Finally, FIL Ltd lifted its holdings in shares of Jacobs Engineering Group by 7.8% in the 2nd quarter. FIL Ltd now owns 2,239,124 shares of the construction company’s stock worth $121,786,000 after buying an additional 162,167 shares during the period. 84.57% of the stock is currently owned by institutional investors.

Shares of Jacobs Engineering Group Inc (JEC) opened at $67.71 on Wednesday. Jacobs Engineering Group Inc has a 1-year low of $49.31 and a 1-year high of $69.35. The firm has a market capitalization of $8,160.00, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.56 and a quick ratio of 1.56.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.16. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. sell-side analysts predict that Jacobs Engineering Group Inc will post 3.53 earnings per share for the current fiscal year.

Several brokerages have weighed in on JEC. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a report on Monday. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays began coverage on Jacobs Engineering Group in a report on Tuesday, December 12th. They issued an “overweight” rating and a $75.00 target price for the company. MKM Partners set a $61.00 target price on Jacobs Engineering Group and gave the stock a “neutral” rating in a report on Tuesday, November 28th. Finally, Argus reiterated a “buy” rating and issued a $73.00 target price on shares of Jacobs Engineering Group in a report on Monday, November 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $69.10.

In related news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now directly owns 30,496 shares in the company, valued at approximately $1,921,552.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.74% of the company’s stock.

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Jacobs Engineering Group Profile

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

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

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