Jacobs Engineering Group Inc (JEC) : Ruane Cunniff Goldfarb Inc reduced its stake in Jacobs Engineering Group Inc by 9.42% during the most recent quarter end. The investment management company now holds a total of 5,174,881 shares of Jacobs Engineering Group Inc which is valued at $272,302,238 after selling 538,456 shares in Jacobs Engineering Group Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Jacobs Engineering Group Inc makes up approximately 2.51% of Ruane Cunniff Goldfarb Inc’s portfolio.
Other Hedge Funds, Including , Gateway Investment Advisers boosted its stake in JEC in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 8,637 shares of Jacobs Engineering Group Inc which is valued at $455,947.Alpha Windward boosted its stake in JEC in the latest quarter, The investment management firm added 8,070 additional shares and now holds a total of 8,829 shares of Jacobs Engineering Group Inc which is valued at $452,486. Jacobs Engineering Group Inc makes up approx 0.32% of Alpha Windward’s portfolio.Integrated Investment Consultants boosted its stake in JEC in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 2,048 shares of Jacobs Engineering Group Inc which is valued at $99,635. Jacobs Engineering Group Inc makes up approx 0.05% of Integrated Investment Consultants’s portfolio.
Jacobs Engineering Group Inc closed down -0.08 points or -0.15% at $52.62 with 7,49,359 shares getting traded on Monday. Post opening the session at $52.64, the shares hit an intraday low of $52.2 and an intraday high of $53.08 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.