Jacobs Engineering Group Inc (JEC) : Hanlon Investment Management added new position in Jacobs Engineering Group Inc during the most recent quarter end. The investment management firm now holds 97,647 shares of Jacobs Engineering Group Inc which is valued at $5,175,291 , the company said in a statement filed on Aug 2, 2016 with the SEC.Jacobs Engineering Group Inc makes up approximately 0.44% of Hanlon Investment Management’s portfolio.
Other Hedge Funds, Including , Royal London Asset Management Ltd reduced its stake in JEC by selling 437 shares or 0.99% in the most recent quarter. The Hedge Fund company now holds 43,756 shares of JEC which is valued at $2,319,068. Jacobs Engineering Group Inc makes up approx 0.04% of Royal London Asset Management Ltd’s portfolio.Evercore Wealth Management reduced its stake in JEC by selling 2,350 shares or 9.6% in the most recent quarter. The Hedge Fund company now holds 22,127 shares of JEC which is valued at $1,172,731. Jacobs Engineering Group Inc makes up approx 0.05% of Evercore Wealth Management’s portfolio. Herndon Capital Management added JEC to its portfolio by purchasing 11 company shares during the most recent quarter which is valued at $589.Meeder Asset Management Inc boosted its stake in JEC in the latest quarter, The investment management firm added 36,126 additional shares and now holds a total of 54,402 shares of Jacobs Engineering Group Inc which is valued at $2,887,658. Jacobs Engineering Group Inc makes up approx 0.26% of Meeder Asset Management Inc’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in JEC by selling 250 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 7,761 shares of JEC which is valued at $377,573. Jacobs Engineering Group Inc makes up approx 0.07% of First Financial Bank N.a. – Trust Division’s portfolio.
Jacobs Engineering Group Inc closed down -0.37 points or -0.69% at $53.39 with 11,29,811 shares getting traded on Monday. Post opening the session at $53.92, the shares hit an intraday low of $53.3 and an intraday high of $54.38 and the price fluctuated in this range throughout the day.Shares ended Monday 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.