Mercer Global Advisors Inc. ADV Grows Stock Position in Jacobs Engineering Group Inc. (NYSE:J)

Mercer Global Advisors Inc. ADV grew its holdings in shares of Jacobs Engineering Group Inc. (NYSE:J) by 27.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,585 shares of the company’s stock after purchasing an additional 7,975 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Jacobs Engineering Group were worth $4,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Jacobs Engineering Group by 5.7% during the 1st quarter. BlackRock Inc. now owns 8,450,224 shares of the company’s stock valued at $1,092,359,000 after acquiring an additional 456,714 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Jacobs Engineering Group by 17.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,767,352 shares of the company’s stock valued at $519,451,000 after acquiring an additional 716,744 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Jacobs Engineering Group by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,279,384 shares of the company’s stock valued at $139,388,000 after acquiring an additional 14,324 shares during the period. AGF Investments Inc. grew its stake in shares of Jacobs Engineering Group by 24.4% during the 4th quarter. AGF Investments Inc. now owns 984,455 shares of the company’s stock valued at $107,266,000 after acquiring an additional 192,798 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Jacobs Engineering Group by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 864,553 shares of the company’s stock valued at $94,202,000 after acquiring an additional 2,210 shares during the period. 86.92% of the stock is owned by hedge funds and other institutional investors.

Shares of J opened at $141.26 on Friday. The business’s 50 day moving average price is $137.28. Jacobs Engineering Group Inc. has a 1 year low of $77.51 and a 1 year high of $145.97. The stock has a market cap of $18.39 billion, a PE ratio of 31.18, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.57.

Jacobs Engineering Group (NYSE:J) last released its quarterly earnings results on Monday, May 10th. The company reported $1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.29. Jacobs Engineering Group had a return on equity of 13.08% and a net margin of 4.34%. The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm posted $1.39 EPS. Jacobs Engineering Group’s quarterly revenue was up 3.5% compared to the same quarter last year. As a group, analysts expect that Jacobs Engineering Group Inc. will post 6.12 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 25th. Investors of record on Friday, May 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, May 27th. This represents a $0.84 annualized dividend and a yield of 0.59%. Jacobs Engineering Group’s payout ratio is presently 15.33%.

In other Jacobs Engineering Group news, COO Robert V. Pragada sold 21,387 shares of the stock in a transaction on Monday, April 12th. The stock was sold at an average price of $135.24, for a total value of $2,892,377.88. Following the sale, the chief operating officer now owns 181,590 shares in the company, valued at $24,558,231.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson bought 10,000 shares of Jacobs Engineering Group stock in a transaction on Wednesday, May 26th. The stock was acquired at an average price of $140.22 per share, for a total transaction of $1,402,200.00. Following the purchase, the director now owns 31,611 shares of the company’s stock, valued at $4,432,494.42. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Jacobs Engineering Group from $128.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, April 19th. They noted that the move was a valuation call. KeyCorp upped their price target on Jacobs Engineering Group from $124.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, April 19th. Citigroup upped their price target on Jacobs Engineering Group from $156.00 to $164.00 in a research note on Tuesday, May 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on Jacobs Engineering Group from $156.00 to $164.00 in a research note on Tuesday, May 11th. Finally, Benchmark upped their price target on Jacobs Engineering Group from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Tuesday, May 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $135.38.

About Jacobs Engineering Group

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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