Jacobs Engineering Group Inc (NYSE:JEC) was the target of some unusual options trading activity on Thursday. Traders bought 1,645 call options on the stock. This represents an increase of approximately 2,553% compared to the typical volume of 62 call options.

In other news, Director Joseph R. Bronson sold 6,125 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total value of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.74% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of large investors have recently added to or reduced their stakes in the business. Scotia Capital Inc. grew its position in Jacobs Engineering Group by 0.5% during the 2nd quarter. Scotia Capital Inc. now owns 24,145 shares of the construction company’s stock worth $1,313,000 after purchasing an additional 121 shares during the last quarter. Security National Bank of SO Dak grew its position in Jacobs Engineering Group by 0.5% during the 2nd quarter. Security National Bank of SO Dak now owns 28,544 shares of the construction company’s stock worth $1,552,000 after purchasing an additional 146 shares during the last quarter. Comerica Bank grew its position in Jacobs Engineering Group by 0.6% during the 2nd quarter. Comerica Bank now owns 32,839 shares of the construction company’s stock worth $1,713,000 after purchasing an additional 182 shares during the last quarter. Security National Bank of Sioux City Iowa IA grew its position in Jacobs Engineering Group by 0.7% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 33,540 shares of the construction company’s stock worth $1,825,000 after purchasing an additional 233 shares during the last quarter. Finally, Advisor Group Inc. grew its position in Jacobs Engineering Group by 18.8% during the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock worth $117,000 after purchasing an additional 339 shares during the last quarter. 72.22% of the stock is currently owned by institutional investors.

Several research firms have recently commented on JEC. UBS Group upgraded shares of Jacobs Engineering Group from a “neutral” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday. Barclays boosted their price target on shares of Jacobs Engineering Group from $75.00 to $78.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of Jacobs Engineering Group in a research report on Thursday, January 18th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Monday, January 8th. Finally, ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $71.73.

Shares of Jacobs Engineering Group (JEC) traded up $1.10 during trading on Monday, hitting $71.05. 1,446,513 shares of the stock were exchanged, compared to its average volume of 989,556. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. Jacobs Engineering Group has a 52-week low of $49.31 and a 52-week high of $72.18. The stock has a market cap of $10,110.00, a P/E ratio of 29.36, a P/E/G ratio of 1.40 and a beta of 1.56.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.16. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.58 billion. Jacobs Engineering Group had a net margin of 2.93% and a return on equity of 9.18%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.77 EPS. equities research analysts expect that Jacobs Engineering Group will post 3.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, February 16th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, February 15th. Jacobs Engineering Group’s dividend payout ratio is presently 24.79%.

ILLEGAL ACTIVITY NOTICE: “Traders Purchase Large Volume of Jacobs Engineering Group Call Options (NYSE:JEC)” was published by Marea Informative and is the sole property of of Marea Informative. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.mareainformativa.com/2018/01/29/traders-buy-large-volume-of-call-options-on-jacobs-engineering-group-jec-updated-updated-updated.html.

Jacobs Engineering Group Company Profile

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.

Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.