Insider Selling: Jacobs Engineering Group Inc (JEC) Director Sells 700 Shares of Stock

Jacobs Engineering Group Inc (NYSE:JEC) Director Robert C. Davidson, Jr. sold 700 shares of the company’s stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $65.95, for a total value of $46,165.00. Following the completion of the sale, the director now directly owns 28,618 shares in the company, valued at approximately $1,887,357.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of JEC traded down $0.04 during trading hours on Thursday, reaching $65.48. 5,634 shares of the company traded hands, compared to its average volume of 1,259,693. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.42. The firm has a market cap of $9.40 billion, a P/E ratio of 20.25, a PEG ratio of 1.08 and a beta of 1.49. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $72.18.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, May 8th. The construction company reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.13. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.60 billion. Jacobs Engineering Group had a return on equity of 8.76% and a net margin of 1.97%. The business’s revenue for the quarter was up 70.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. equities analysts expect that Jacobs Engineering Group Inc will post 4.26 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 18th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date is Thursday, May 17th. Jacobs Engineering Group’s payout ratio is currently 18.52%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Jacobs Engineering Group by 2.0% in the 1st quarter. BlackRock Inc. now owns 8,305,434 shares of the construction company’s stock worth $491,265,000 after buying an additional 166,176 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Jacobs Engineering Group by 11.5% in the 1st quarter. Wells Fargo & Company MN now owns 4,779,752 shares of the construction company’s stock worth $282,722,000 after buying an additional 491,573 shares during the last quarter. Artisan Partners Limited Partnership boosted its stake in Jacobs Engineering Group by 21.1% in the 1st quarter. Artisan Partners Limited Partnership now owns 2,794,789 shares of the construction company’s stock worth $165,312,000 after buying an additional 487,099 shares during the last quarter. Select Equity Group L.P. boosted its stake in Jacobs Engineering Group by 144.4% in the 1st quarter. Select Equity Group L.P. now owns 1,520,317 shares of the construction company’s stock worth $89,927,000 after buying an additional 898,140 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in Jacobs Engineering Group by 66.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 1,518,212 shares of the construction company’s stock worth $89,803,000 after buying an additional 606,335 shares during the last quarter. 84.98% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have weighed in on JEC shares. Goldman Sachs Group raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating in a report on Tuesday, April 3rd. Robert W. Baird raised Jacobs Engineering Group from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Monday, March 26th. UBS Group set a $86.00 target price on Jacobs Engineering Group and gave the company a “buy” rating in a report on Thursday, March 29th. Deutsche Bank raised Jacobs Engineering Group from a “hold” rating to a “buy” rating and upped their target price for the company from $72.00 to $73.00 in a report on Thursday, March 29th. Finally, MKM Partners raised Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Jacobs Engineering Group presently has a consensus rating of “Buy” and an average target price of $75.54.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

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