Hedeker Wealth Management Group Lowers stake in Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (JEC) : Hedeker Wealth Management Group reduced its stake in Jacobs Engineering Group Inc by 8.56% during the most recent quarter end. The investment management company now holds a total of 106,356 shares of Jacobs Engineering Group Inc which is valued at $5,226,334 after selling 9,959 shares in Jacobs Engineering Group Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.Jacobs Engineering Group Inc makes up approximately 4.92% of Hedeker Wealth Management Group’s portfolio.

Other Hedge Funds, Including , Finemark National Bank Trust sold out all of its stake in JEC during the most recent quarter. The investment firm sold 97 shares of JEC which is valued $4,767. Waratah Capital Advisors Ltd. sold out all of its stake in JEC during the most recent quarter. The investment firm sold 27,910 shares of JEC which is valued $1,357,822.

Jacobs Engineering Group Inc opened for trading at $49.43 and hit $50.375 on the upside on Monday, eventually ending the session at $50.12, with a gain of 1.99% or 0.98 points. The heightened volatility saw the trading volume jump to 13,07,890 shares. Company has a market cap of $6,111 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.

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