What’s Jacobs Engineering Group Inc Upside After Today’s Bearish Options Activity?

 What's Jacobs Engineering Group Inc Upside After Today's Bearish Options Activity?

In today’s session Jacobs Engineering Group Inc (JEC) recorded an unusually high (205) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious JEC decrease. With 205 contracts traded and 274 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: JEC170120P00052500 closed last at: $1.25 or 16.7% down. About 450,217 shares traded hands. Jacobs Engineering Group Inc (NYSE:JEC) has risen 33.06% since April 12, 2016 and is uptrending. It has outperformed by 28.08% the S&P500.

Analysts await Jacobs Engineering Group Inc (NYSE:JEC) to report earnings on November, 28. They expect $0.77 earnings per share, down 3.75% or $0.03 from last year’s $0.8 per share. JEC’s profit will be $93.02M for 18.46 P/E if the $0.77 EPS becomes a reality. After $0.78 actual earnings per share reported by Jacobs Engineering Group Inc for the previous quarter, Wall Street now forecasts -1.28% negative EPS growth.

Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage

Out of 11 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 4 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 36% are positive. $56 is the highest target while $41 is the lowest. The $49 average target is -13.84% below today’s ($56.87) stock price. Jacobs Engineering Group Inc. has been the topic of 21 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup on Tuesday, July 26 with “Buy”. On Tuesday, September 1 the stock rating was upgraded by Standpoint Research to “Buy”. The firm has “Hold” rating by Johnson Rice given on Thursday, August 11. The stock has “Outperform” rating given by Cowen & Co on Wednesday, August 5. The firm has “Neutral” rating by UBS given on Wednesday, August 10. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. The rating was upgraded by Argus Research on Friday, June 3 to “Buy”. Standpoint Research downgraded the stock to “Hold” rating in Thursday, April 14 report. The firm has “Neutral” rating by M Partners given on Wednesday, June 29. The stock has “Mkt Perform” rating given by FBR Capital on Friday, August 12.

According to Zacks Investment Research, “Jacobs Engineering Group Inc. is one of the largest professional service firms in the United States providing engineering, design and consulting services; construction and construction management services; and process plant maintenance services to a broad range of industrial, commercial and governmental clients. The Company provides its services through offices and subsidiaries located throughout the United States, the United Kingdom and Ireland, as well as through affiliated entities located throughout Europe and India.”

Insitutional Activity: The institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.34, from 0.79 in 2016Q1. The ratio increased, as 37 funds sold all Jacobs Engineering Group Inc shares owned while 136 reduced positions. 67 funds bought stakes while 128 increased positions. They now own 102.39 million shares or 6.20% less from 109.16 million shares in 2016Q1.
Moreover, Advantus Capital Mngmt Inc has 0.02% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 11,782 shares. Ibm Retirement Fund accumulated 12,099 shares or 0.02% of the stock. Jpmorgan Chase & Company holds 0.01% or 798,748 shares in its portfolio. Aberdeen Asset Mgmt Public Ltd Com Uk accumulated 185,809 shares or 0.03% of the stock. The Washington-based Tradewinds Capital Management Limited Liability Corp has invested 0.01% in Jacobs Engineering Group Inc (NYSE:JEC). Sg Americas Secs Llc last reported 0.01% of its portfolio in the stock. Covington Capital Mgmt reported 36,549 shares or 0.17% of all its holdings. Babson Capital Mgmt Ltd last reported 59,944 shares in the company. Cantab Llp owns 8,502 shares or 0% of their US portfolio. Spot Trading Lc last reported 0% of its portfolio in the stock. Utd Fire Group Inc Inc owns 1,000 shares or 0.02% of their US portfolio. Arrow Corp owns 1,636 shares or 0.02% of their US portfolio. Moreover, State Treasurer State Of Michigan has 0.02% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 64,091 shares. Sfe Inv Counsel has 55,149 shares for 1.28% of their US portfolio. Oxford Asset holds 0.26% or 123,686 shares in its portfolio.

Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 4 selling transactions for $9.40 million net activity. 33,333 shares with value of $1.64 million were sold by WATSON NOEL G on Friday, May 20. Another trade for 18,639 shares valued at $1.02M was sold by HAGEN TERENCE D.

Jacobs Engineering Group Inc. is a technical professional services company. The company has a market cap of $6.87 billion. The Firm provides a range of technical, professional and construction services to industrial, commercial and governmental clients. It has a 32.81 P/E ratio. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

JEC Company Profile

Jacobs Engineering Group Inc., incorporated on January 8, 1987, is a technical professional services company. The Firm provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services. The Firm operates four lines of business (LOBs): Petroleum and Chemicals; Buildings and Infrastructure; Aerospace and Technology, and Industrial. It caters its services to various sectors, such as gas and oil exploration, production and refining; chemicals and polymers; programs for various national governments, including aerospace, defense, and environmental programs; buildings (including specialized buildings for clients operating in the fields of healthcare, education, and high technology; governmental complexes; other specialized civic and mission critical buildings, installations, and laboratories; and retail and commercial buildings); infrastructure and telecommunications; mining and minerals; pharmaceuticals and biotechnology; power; pulp and paper; technology and manufacturing, and food and consumer products.

More notable recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Forbes.com which released: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%” on November 10, 2016, also Fool.com with their article: “Why Jacobs Engineering Group Scored an 11% Win Today” published on November 09, 2016, Forbes.com published: “Jacobs Engineering Group is Now Oversold (JEC)” on September 14, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) were released by: Prnewswire.com and their article: “Services Stocks Technical Reports — KBR Inc., AECOM, Jacobs Engineering Group …” published on October 26, 2016 as well as Businesswire.com‘s news article titled: “Jacobs Engineering Group Inc. Reports Earnings for the Third Quarter of Fiscal …” with publication date: August 09, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment