United Asset Strategies Lowers stake in Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (JEC) : United Asset Strategies reduced its stake in Jacobs Engineering Group Inc by 1.12% during the most recent quarter end. The investment management company now holds a total of 6,595 shares of Jacobs Engineering Group Inc which is valued at $349,535 after selling 75 shares in Jacobs Engineering Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Jacobs Engineering Group Inc makes up approximately 0.13% of United Asset Strategies’s portfolio.

Other Hedge Funds, Including , Hutchinson Capital Managementca reduced its stake in JEC by selling 2,186 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 438,659 shares of JEC which is valued at $23,248,927. Jacobs Engineering Group Inc makes up approx 6.90% of Hutchinson Capital Managementca’s portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh added JEC to its portfolio by purchasing 78,639 company shares during the most recent quarter which is valued at $4,208,759. Jacobs Engineering Group Inc makes up approx 0.37% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Shell Asset Management Co boosted its stake in JEC in the latest quarter, The investment management firm added 5,194 additional shares and now holds a total of 18,785 shares of Jacobs Engineering Group Inc which is valued at $1,023,219. Jacobs Engineering Group Inc makes up approx 0.02% of Shell Asset Management Co’s portfolio.Ls Investment Advisors reduced its stake in JEC by selling 1,037 shares or 12.35% in the most recent quarter. The Hedge Fund company now holds 7,361 shares of JEC which is valued at $390,722. Jacobs Engineering Group Inc makes up approx 0.03% of Ls Investment Advisors’s portfolio.Benjamin F. Edwards Company boosted its stake in JEC in the latest quarter, The investment management firm added 1,306 additional shares and now holds a total of 1,506 shares of Jacobs Engineering Group Inc which is valued at $79,502. Jacobs Engineering Group Inc makes up approx 0.02% of Benjamin F. Edwards Company’s portfolio.

Jacobs Engineering Group Inc opened for trading at $52.93 and hit $53.43 on the upside on Thursday, eventually ending the session at $53.01, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 5,76,182 shares. Company has a market cap of $6,463 M.

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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