In today’s session Jacobs Engineering Group Inc (JEC) registered an unusually high (454) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious JEC increase. With 454 contracts traded and 2734 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: JEC161216C00065000 closed last at: $0.5 or 25% up. About 89,611 shares traded hands. Jacobs Engineering Group Inc (NYSE:JEC) has risen 39.52% since April 26, 2016 and is uptrending. It has outperformed by 34.26% the S&P500.
Jacobs Engineering Group Inc (NYSE:JEC) Ratings Coverage
Out of 13 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. $66 is the highest target while $41 is the lowest. The $52.22 average target is -14.76% below today’s ($61.26) stock price. Jacobs Engineering Group Inc. has been the topic of 24 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Outperform” rating given on Wednesday, November 23 by Credit Suisse. As per Friday, August 12, the company rating was maintained by FBR Capital. The firm earned “Buy” rating on Tuesday, July 26 by Citigroup. The rating was upgraded by Argus Research to “Buy” on Friday, June 3. The stock of Jacobs Engineering Group Inc (NYSE:JEC) has “Neutral” rating given on Wednesday, November 16 by DA Davidson. The stock of Jacobs Engineering Group Inc (NYSE:JEC) earned “Neutral” rating by M Partners on Wednesday, June 29. As per Wednesday, November 23, the company rating was maintained by Deutsche Bank. The rating was initiated by Citigroup with “Buy” on Friday, November 13. On Wednesday, August 10 the stock rating was downgraded by UBS to “Neutral”. Standpoint Research upgraded the stock to “Buy” rating in Tuesday, September 1 report.
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 decreased to 0.86 in Q2 2016. Its down 0.27, from 1.13 in 2016Q1. The ratio dived, 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.
Firstmerit National Bank N A Trustee last reported 13,123 shares in the company. Moreover, Arga Investment Management Limited Partnership has 0.43% invested in Jacobs Engineering Group Inc (NYSE:JEC) for 27,500 shares. Vident Inv Advisory Ltd holds 0.36% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC) for 51,688 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, a Germany-based fund reported 78,639 shares. Dynamic Capital Management Ltd, a United Kingdom-based fund reported 6,041 shares. Btr Cap Management holds 0.52% or 45,480 shares in its portfolio. Aviva Public Ltd Com has invested 0.03% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC). Signaturefd Ltd Liability Com has 0.03% invested in the company for 3,722 shares. Epoch Invest has invested 0.14% of its portfolio in Jacobs Engineering Group Inc (NYSE:JEC). Los Angeles Capital Mngmt & Equity Rech last reported 0.02% of its portfolio in the stock. Henderson Gru Public Ltd Company accumulated 12,286 shares or 0.01% of the stock. Susquehanna Intl Group Limited Liability Partnership holds 0% or 4,828 shares in its portfolio. Mufg Americas Corporation has 730 shares for 0% of their US portfolio. Next Finance Grp last reported 0% of its portfolio in the stock. Mutual Of America Capital Mgmt Limited Company has 14,494 shares for 0.02% of their US portfolio.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 3 selling transactions for $7.75 million net activity. $3.29 million worth of Jacobs Engineering Group Inc (NYSE:JEC) was sold by WATSON NOEL G. HAGEN TERENCE D also sold $1.02 million worth of Jacobs Engineering Group Inc (NYSE:JEC) on Monday, August 29.
Jacobs Engineering Group Inc. is a technical professional services company. The company has a market cap of $7.37 billion. The Firm provides a range of technical, professional and construction services to industrial, commercial and governmental clients. It has a 35.32 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 important recent Jacobs Engineering Group Inc (NYSE:JEC) news were published by: Businesswire.com which released: “Jacobs Engineering Group Inc. Reports Earnings for Fiscal 2016” on November 22, 2016, also Forbes.com published article titled: “Jacobs Engineering Group Stock Sees Short Interest Increase 18.4%”, Fool.com published: “Why Jacobs Engineering Group Scored an 11% Win Today” on November 09, 2016. More interesting news about Jacobs Engineering Group Inc (NYSE:JEC) was released by: Nasdaq.com and their article: “Jacobs Engineering Group Reaches Analyst Target Price” with publication date: November 11, 2016.
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