Stock Mover of The Day: Institutional Investors Lead Shift in Jacobs Engineering Group Inc (NYSE:JEC) Sentiment

November 28, 2016 - By Darrin Black   ·   0 Comments

Stock Mover of The Day: Institutional Investors Lead Shift in Jacobs Engineering Group Inc (NYSE:JEC) Sentiment

Sentiment for Jacobs Engineering Group Inc (NYSE:JEC)

Jacobs Engineering Group Inc (NYSE:JEC) institutional sentiment decreased to 0.86 in Q2 2016. Its down -0.27, from 1.13 in 2016Q1. The ratio has dropped, as 195 funds started new or increased holdings, while 173 reduced and sold holdings in Jacobs Engineering Group Inc. The funds in our partner’s database now hold: 102.39 million shares, down from 109.16 million shares in 2016Q1. Also, the number of funds holding Jacobs Engineering Group Inc in their top 10 holdings was flat from 5 to 5 for the same number . Sold All: 37 Reduced: 136 Increased: 128 New Position: 67.

Jacobs Engineering Group Inc. is a technical professional services company. The company has a market cap of $7.60 billion. The Firm provides a range of technical, professional and construction services to industrial, commercial and governmental clients. It has a 36.03 P/E ratio. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

About 180,827 shares traded hands. Jacobs Engineering Group Inc (NYSE:JEC) has risen 42.56% since April 25, 2016 and is uptrending. It has outperformed by 36.55% the S&P500.

According to Zacks Investment Research, “Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercial and governmental clients. The Company provides its services through offices and subsidiaries located throughout the United States, the United Kingdom and Ireland, as well as through affiliated entities located throughout Europe and India.”

Hutchinson Capital Management Ca holds 6.63% of its portfolio in Jacobs Engineering Group Inc for 438,659 shares. First Wilshire Securities Management Inc owns 273,215 shares or 4.38% of their US portfolio. Moreover, Lathrop Investment Management Corp has 4.09% invested in the company for 264,467 shares. The Georgia-based Cacti Asset Management Llc has invested 4.03% in the stock. Front Barnett Associates Llc, a Illinois-based fund reported 258,622 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 selling transactions for $7.75 million net activity.

Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage

Ratings analysis reveals 38% of Jacobs Engineering Group Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Jacobs Engineering Group Inc., 5 give it “Buy”, 0 “Sell” rating, while 8 recommend “Hold”. The lowest target is $41 while the high is $66. The stock’s average target of $52.22 is -16.42% below today’s ($62.48) share price. JEC was included in 24 notes of analysts from August 5, 2015. The rating was downgraded by Standpoint Research on Thursday, April 14 to “Hold”. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, August 12 report. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, November 23 report. Cowen & Co upgraded the stock to “Outperform” rating in Wednesday, August 5 report. The firm has “Neutral” rating given on Wednesday, November 16 by DA Davidson. Johnson Rice upgraded the shares of JEC in a report on Monday, May 9 to “Accumulate” rating. The rating was initiated by Citigroup on Friday, November 13 with “Buy”. The firm has “Buy” rating by Argus Research given on Friday, June 3. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Buy” rating given on Tuesday, July 26 by Citigroup. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 10.

JEC Company Profile

Jacobs Engineering Group Inc., incorporated on January 8, 1987, is a technical professional services company. The Firm 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. The Firm operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as gas and oil exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings (including specialized buildings for clients operating in the fields of healthcare, education, and high technology; governmental complexes; other specialized civic and mission critical buildings, installations, and laboratories; and retail and commercial buildings); infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.

More important recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Businesswire.com which released: “Jacobs Engineering Group Inc. Reports Earnings for Fiscal 2016” on November 22, 2016, also Forbes.com published article titled: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%”, Fool.com published: “Why Jacobs Engineering Group Scored an 11% Win Today” on November 09, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) was released by: Nasdaq.com and their article: “Jacobs Engineering Group Reaches Analyst Target Price” with publication date: November 11, 2016.

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By Darrin Black


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