British Airways Pensions Investment Management Ltd buys $26,009,262 stake in Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (JEC) : British Airways Pensions Investment Management Ltd scooped up 93,600 additional shares in Jacobs Engineering Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 477,497 shares of Jacobs Engineering Group Inc which is valued at $26,009,262.Jacobs Engineering Group Inc makes up approximately 0.76% of British Airways Pensions Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Umb Bank N Amo reduced its stake in JEC by selling 775 shares or 8.64% in the most recent quarter. The Hedge Fund company now holds 8,196 shares of JEC which is valued at $446,436. Jacobs Engineering Group Inc makes up approx 0.02% of Umb Bank N Amo’s portfolio.Paragon Capital Management reduced its stake in JEC by selling 5,771 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 115,525 shares of JEC which is valued at $6,132,067. Jacobs Engineering Group Inc makes up approx 2.10% of Paragon Capital Management’s portfolio.Hartford Investment Management Co reduced its stake in JEC by selling 1,316 shares or 4.38% in the most recent quarter. The Hedge Fund company now holds 28,720 shares of JEC which is valued at $1,524,458. Jacobs Engineering Group Inc makes up approx 0.03% of Hartford Investment Management Co’s portfolio.

Jacobs Engineering Group Inc closed down -0.56 points or -1.04% at $53.52 with 5,98,177 shares getting traded on Friday. Post opening the session at $54.03, the shares hit an intraday low of $53.3 and an intraday high of $54.03 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Jacobs Engineering Group Inc reported $0.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.68. The company had revenue of $2781.76 million for the quarter, compared to analysts expectations of $2749.77 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on Jacobs Engineering Group Inc. Jacobs Engineering Group Inc was Initiated by MKM Partners to “Neutral” on Jun 29, 2016. Jacobs Engineering Group Inc was Upgraded by Argus to ” Buy” on Jun 3, 2016. Company shares were Reiterated by FBR Capital on May 16, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 47 from a previous price target of $42 .

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. Its services include technical professional services and field services. Its technical professional services include project services and process scientific and systems consulting. Its field services include construction and operations and maintenance (O&M). It offers its services to the industries including aerospace and defense; automotive and industrial; buildings; mining and minerals; nuclear; oil and gas (upstream); petrochemicals and chemicals; pharmaceutical and biotechnology; power and utilities; pulp paper and consumer products; refining (downstream); telecommunications; transportation and water and wastewater. It offers its services in approximately 30 countries. The Company’s products include Chemetics Comprimo sulfur solutions and Modular construction.

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