Fiera Capital Corp decreased its position in shares of Jacobs Engineering Group Inc. (NYSE:J – Get Rating) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 341,204 shares of the company’s stock after selling 50,144 shares during the period. Fiera Capital Corp owned 0.26% of Jacobs Engineering Group worth $47,506,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC raised its holdings in Jacobs Engineering Group by 310.0% during the third quarter. Trustcore Financial Services LLC now owns 205 shares of the company’s stock valued at $27,000 after buying an additional 155 shares in the last quarter. Oakworth Capital Inc. bought a new position in Jacobs Engineering Group during the third quarter valued at about $30,000. Retirement Planning Co of New England Inc. bought a new position in Jacobs Engineering Group during the fourth quarter valued at about $38,000. Moors & Cabot Inc. bought a new position in Jacobs Engineering Group during the third quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Jacobs Engineering Group in the third quarter worth about $60,000. 87.72% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on J shares. Berenberg Bank lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 6th. Credit Suisse Group decreased their target price on Jacobs Engineering Group from $175.00 to $161.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9th. Royal Bank of Canada started coverage on Jacobs Engineering Group in a research report on Wednesday. They set 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. Finally, Stifel Nicolaus started coverage on Jacobs Engineering Group in a research report on Thursday, March 17th. They set a “buy” rating and a $159.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $164.22.
Jacobs Engineering Group (NYSE:J – Get Rating) last released its earnings results on Tuesday, February 8th. The company reported $1.56 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.04). The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.63 billion. Jacobs Engineering Group had a return on equity of 13.90% and a net margin of 2.51%. The company’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.41 EPS. On average, research analysts expect that Jacobs Engineering Group Inc. will post 7.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 27th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $0.92 dividend on an annualized basis and a yield of 0.66%. Jacobs Engineering Group’s dividend payout ratio is presently 40.53%.
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.
- Get a free copy of the StockNews.com research report on Jacobs Engineering Group (J)
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