Intact Investment Management Inc. Decreases Stock Position in Jacobs Engineering Group Inc. (NYSE:J)

Intact Investment Management Inc. cut its position in Jacobs Engineering Group Inc. (NYSE:J) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,300 shares of the company’s stock after selling 700 shares during the quarter. Intact Investment Management Inc.’s holdings in Jacobs Engineering Group were worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. McCarthy Asset Management Inc. purchased a new position in shares of Jacobs Engineering Group in the second quarter valued at $26,000. Cypress Point Wealth Management LLC bought a new position in Jacobs Engineering Group during the 2nd quarter valued at $27,000. Princeton Global Asset Management LLC bought a new position in Jacobs Engineering Group during the 2nd quarter valued at $27,000. E Fund Management Co. Ltd. bought a new position in Jacobs Engineering Group during the 1st quarter valued at $29,000. Finally, Certified Advisory Corp bought a new position in Jacobs Engineering Group during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 85.74% of the company’s stock.

NYSE J opened at $136.00 on Monday. Jacobs Engineering Group Inc. has a 12 month low of $89.00 and a 12 month high of $145.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 38.97, a price-to-earnings-growth ratio of 1.64 and a beta of 0.86. The company’s fifty day moving average price is $133.65 and its two-hundred day moving average price is $134.12.

Jacobs Engineering Group (NYSE:J) last issued its earnings results on Tuesday, August 3rd. The company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.16. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Jacobs Engineering Group had a net margin of 3.68% and a return on equity of 13.75%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 earnings per share. As a group, analysts anticipate that Jacobs Engineering Group Inc. will post 6.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Investors of record on Friday, October 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Thursday, October 14th. This represents a $0.84 dividend on an annualized basis and a yield of 0.62%. Jacobs Engineering Group’s dividend payout ratio is presently 15.33%.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group, Inc engages in the provision of a diverse range of technical, professional, and construction services to industrial, commercial, and governmental clients. The firm operates through Critical Mission Solutions, and People and Places Solutions segments. The company was founded by Joseph J.

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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:J)

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