Today: The Smith Salley & Associates Acquires 4,196 Shares of Jacobs Engineering Group Inc. (JEC)

The Smith Salley & Associates Acquires 4,196  Shares of Jacobs Engineering Group Inc. (JEC)

Smith Salley & Associates bought a new stake in Jacobs Engineering Group Inc. (NYSE:JEC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,196 shares of the company’s stock, valued at approximately $209,000.

Several other large investors have also bought and sold shares of the company. Kovitz Investment Group Partners LLC acquired a new stake in Jacobs Engineering Group during the first quarter valued at approximately $96,945,000. British Airways Pensions Investment Management Ltd increased its stake in Jacobs Engineering Group by 24.4% in the second quarter. British Airways Pensions Investment Management Ltd now owns 477,497 shares of the company’s stock valued at $23,878,000 after buying an additional 93,600 shares during the last quarter. New York State Teachers Retirement System increased its stake in Jacobs Engineering Group by 2.3% in the second quarter. New York State Teachers Retirement System now owns 240,197 shares of the company’s stock valued at $11,964,000 after buying an additional 5,443 shares during the last quarter. Legal & General Group Plc increased its stake in Jacobs Engineering Group by 0.5% in the first quarter. Legal & General Group Plc now owns 606,665 shares of the company’s stock valued at $26,420,000 after buying an additional 2,740 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC increased its stake in Jacobs Engineering Group by 4.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 878,543 shares of the company’s stock valued at $38,261,000 after buying an additional 35,344 shares during the last quarter. 87.71% of the stock is owned by institutional investors.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded up 0.70% during mid-day trading on Monday, hitting $50.40. 190,043 shares of the company were exchanged. The company has a 50 day moving average of $51.35 and a 200 day moving average of $49.98. Jacobs Engineering Group Inc. has a 52 week low of $34.76 and a 52 week high of $55.89. The company has a market capitalization of $6.12 billion, a P/E ratio of 29.22 and a beta of 1.68.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 9th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. The business earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Jacobs Engineering Group had a net margin of 1.84% and a return on equity of 8.58%. The business’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 earnings per share. Equities analysts anticipate that Jacobs Engineering Group Inc. will post $3.08 earnings per share for the current year.

Several equities research analysts have recently commented on JEC shares. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Monday, July 25th. MKM Partners set a $49.00 price objective on shares of Jacobs Engineering Group and gave the stock a “hold” rating in a research report on Thursday, September 15th. Argus reaffirmed a “buy” rating and issued a $60.00 price objective (up from $58.00) on shares of Jacobs Engineering Group in a research report on Friday, August 19th. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Jacobs Engineering Group in a research report on Wednesday, August 10th. Finally, Deutsche Bank AG upped their price objective on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Hold” and an average price target of $48.52.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $51.71, for a total value of $3,447,402.28. Following the completion of the transaction, the director now directly owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Terence D. Hagen sold 18,639 shares of Jacobs Engineering Group stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $54.73, for a total transaction of $1,020,112.47. Following the completion of the transaction, the insider now directly owns 27,022 shares of the company’s stock, valued at $1,478,914.06. The disclosure for this sale can be found here. 3.16% of the stock is currently owned by company insiders.

About Jacobs Engineering Group

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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