Huntington National Bank Acquires 342 Shares of Jacobs Engineering Group Inc (NYSE:JEC)

Huntington National Bank increased its position in Jacobs Engineering Group Inc (NYSE:JEC) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,796 shares of the construction company’s stock after purchasing an additional 342 shares during the quarter. Huntington National Bank’s holdings in Jacobs Engineering Group were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JEC. South Texas Money Management Ltd. grew its holdings in shares of Jacobs Engineering Group by 21.1% during the second quarter. South Texas Money Management Ltd. now owns 3,391 shares of the construction company’s stock worth $286,000 after purchasing an additional 591 shares during the last quarter. Carroll Financial Associates Inc. grew its stake in shares of Jacobs Engineering Group by 724.8% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,299 shares of the construction company’s stock worth $278,000 after acquiring an additional 2,899 shares during the period. First American Trust FSB grew its stake in shares of Jacobs Engineering Group by 3.1% during the 2nd quarter. First American Trust FSB now owns 67,664 shares of the construction company’s stock worth $5,710,000 after acquiring an additional 2,061 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Jacobs Engineering Group by 6.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,350 shares of the construction company’s stock worth $1,549,000 after acquiring an additional 1,039 shares during the period. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of Jacobs Engineering Group during the 2nd quarter worth $7,735,000. Institutional investors own 90.66% of the company’s stock.

Several research analysts have recently weighed in on JEC shares. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Friday, August 16th. Credit Suisse Group increased their price target on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Cowen reiterated a “buy” rating and set a $92.00 price target on shares of Jacobs Engineering Group in a research note on Tuesday, August 20th. Bank of America reiterated a “buy” rating and set a $98.00 price target on shares of Jacobs Engineering Group in a research note on Thursday, August 22nd. Finally, KeyCorp increased their price target on Jacobs Engineering Group from $90.00 to $103.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $88.89.

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JEC traded down $1.11 during trading on Friday, reaching $94.60. 1,536,404 shares of the company were exchanged, compared to its average volume of 1,058,899. The company’s 50-day moving average is $92.40 and its two-hundred day moving average is $84.96. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.59 and a beta of 1.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. Jacobs Engineering Group Inc has a 12-month low of $55.17 and a 12-month high of $98.08.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 4th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 0.72%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 15.21%.

Jacobs Engineering Group Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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

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