Madison Investment Holdings Inc buys $65.3 Million stake in Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (JEC) : Madison Investment Holdings Inc scooped up 171,482 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 12, 2016. The investment management firm now holds a total of 1,328,596 shares of Jacobs Engineering Group Inc which is valued at $65.3 Million.Jacobs Engineering Group Inc makes up approximately 1.39% of Madison Investment Holdings Inc’s portfolio.

Other Hedge Funds, Including , Rafferty Asset Management added JEC to its portfolio by purchasing 11,898 company shares during the most recent quarter which is valued at $584,668. Jacobs Engineering Group Inc makes up approx 0.03% of Rafferty Asset Management’s portfolio.Tradewinds Capital Management reduced its stake in JEC by selling 60 shares or 13.79% in the most recent quarter. The Hedge Fund company now holds 375 shares of JEC which is valued at $18,244. Jacobs Engineering Group Inc makes up approx 0.01% of Tradewinds Capital Management’s portfolio. Quantitative Investment Management sold out all of its stake in JEC during the most recent quarter. The investment firm sold 20,400 shares of JEC which is valued $992,460.Commonwealth Equity Services Inc reduced its stake in JEC by selling 1,042 shares or 12.1% in the most recent quarter. The Hedge Fund company now holds 7,570 shares of JEC which is valued at $337,471.

Jacobs Engineering Group Inc opened for trading at $49.36 and hit $49.69 on the upside on Friday, eventually ending the session at $49.22, with a gain of 0.61% or 0.3 points. The heightened volatility saw the trading volume jump to 10,53,122 shares. Company has a market cap of $6,001,149 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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