Jacobs Engineering Group Inc (JEC) : Srb Corp scooped up 246 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 May 13, 2016. The investment management firm now holds a total of 3,617 shares of Jacobs Engineering Group Inc which is valued at $177,739.Jacobs Engineering Group Inc makes up approximately 0.03% of Srb Corp’s portfolio.
Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in JEC by selling 11,000 shares or 35.84% in the most recent quarter. The Hedge Fund company now holds 19,691 shares of JEC which is valued at $967,616. Jacobs Engineering Group Inc makes up approx 0.01% of Public Sector Pension Investment Board’s portfolio.Canada Pension Plan Investment Board reduced its stake in JEC by selling 24,400 shares or 13.37% in the most recent quarter. The Hedge Fund company now holds 158,129 shares of JEC which is valued at $7.8 Million. Jacobs Engineering Group Inc makes up approx 0.03% of Canada Pension Plan Investment Board’s portfolio.Tower Bridge Advisors boosted its stake in JEC in the latest quarter, The investment management firm added 7,315 additional shares and now holds a total of 147,305 shares of Jacobs Engineering Group Inc which is valued at $7.2 Million. Jacobs Engineering Group Inc makes up approx 0.91% of Tower Bridge Advisors’s portfolio.Blackrock Group Ltd reduced its stake in JEC by selling 16,702 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 849,960 shares of JEC which is valued at $41.8 Million. Jacobs Engineering Group Inc makes up approx 0.02% of Blackrock Group Ltd’s portfolio.Ncm Capital Management Group Inc reduced its stake in JEC by selling 50 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 750 shares of JEC which is valued at $36,488. Jacobs Engineering Group Inc makes up approx 0.45% of Ncm Capital Management Group Inc’s portfolio.
Jacobs Engineering Group Inc opened for trading at $49.48 and hit $50.22 on the upside on Wednesday, eventually ending the session at $50.02, with a gain of 2.08% or 1.02 points. The heightened volatility saw the trading volume jump to 8,73,511 shares. Company has a market cap of $6,099 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. 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 was Upgraded by Johnson Rice to ” Accumulate” on May 9, 2016. Jacobs Engineering Group Inc was Downgraded by Standpoint Research to ” Hold” on Apr 14, 2016.
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.