Cacti Asset Management buys $33.1 Million stake in Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (JEC) : Cacti Asset Management scooped up 3,600 additional shares in Jacobs Engineering Group Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 755,499 shares of Jacobs Engineering Group Inc which is valued at $33.1 Million.Jacobs Engineering Group Inc makes up approximately 3.55% of Cacti Asset Management’s portfolio.

On the company’s financial health, Jacobs Engineering Group Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.69. The company had revenue of $2847.93 million for the quarter, compared to analysts expectations of $2972.07 million. The company’s revenue was down -10.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Jacobs Engineering Group Inc opened for trading at $41.46 and hit $41.89 on the upside on Monday, eventually ending the session at $41.47, with a gain of 0.66% or 0.27 points. The heightened volatility saw the trading volume jump to 6,95,235 shares. Company has a market cap of $5,082 M.

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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