Carson Advisory Inc. Makes New $240,000 Investment in Jacobs Engineering Group Inc. (NYSE:J)

Carson Advisory Inc. acquired a new position in Jacobs Engineering Group Inc. (NYSE:JGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,726 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Trustcore Financial Services LLC raised its position in Jacobs Engineering Group by 310.0% in the third quarter. Trustcore Financial Services LLC now owns 205 shares of the company’s stock worth $27,000 after acquiring an additional 155 shares in the last quarter. Oakworth Capital Inc. purchased a new position in Jacobs Engineering Group during the 3rd quarter valued at about $30,000. Retirement Planning Co of New England Inc. purchased a new position in Jacobs Engineering Group during the 4th quarter valued at about $38,000. Moors & Cabot Inc. purchased a new position in Jacobs Engineering Group during the 3rd quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Jacobs Engineering Group in the 3rd quarter valued at approximately $60,000. 87.72% of the stock is owned by hedge funds and other institutional investors.

Shares of J stock traded down $3.56 on Friday, hitting $138.55. The company had a trading volume of 757,891 shares, compared to its average volume of 657,897. The firm has a market cap of $17.90 billion, a P/E ratio of 61.04, a P/E/G ratio of 1.62 and a beta of 0.86. The stock’s 50-day moving average is $135.59 and its two-hundred day moving average is $136.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 1.40. Jacobs Engineering Group Inc. has a twelve month low of $114.11 and a twelve month high of $150.32.

Jacobs Engineering Group (NYSE:JGet Rating) last announced its earnings results on Tuesday, February 8th. The company reported $1.56 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.04). Jacobs Engineering Group had a net margin of 2.51% and a return on equity of 13.90%. The business had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts predict that Jacobs Engineering Group Inc. will post 7.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, May 26th. Jacobs Engineering Group’s payout ratio is 40.53%.

A number of research analysts recently commented on the company. Berenberg Bank lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 6th. Royal Bank of Canada started coverage on Jacobs Engineering Group in a research note on Wednesday. They issued an “outperform” rating and a $173.00 target price on the stock. StockNews.com raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Thursday. Credit Suisse Group decreased their price objective on Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating for the company in a report on Wednesday, February 9th. Finally, Stifel Nicolaus assumed coverage on Jacobs Engineering Group in a research note on Thursday, March 17th. They issued a “buy” rating and a $159.00 price target for the company. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $164.22.

About Jacobs Engineering Group (Get Rating)

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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