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.
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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