What’s in Jacobs Engineering Group Inc (NYSE:JEC) After Decline in Shorted Shares?

Jacobs Engineering Group Inc. (NYSE:JEC) Logo

Investors sentiment increased to 0.97 in 2019 Q2. Its up 0.22, from 0.75 in 2019Q1. It is positive, as 29 investors sold Jacobs Engineering Group Inc. shares while 160 reduced holdings. 54 funds opened positions while 130 raised stakes. 113.75 million shares or 4.04% less from 118.53 million shares in 2019Q1 were reported.
British Columbia Invest Management Corp holds 34,456 shares. Amica Mutual Insur has 5,849 shares for 0.06% of their portfolio. 785,220 were reported by Charles Schwab Inv. Robeco Institutional Asset Mngmt Bv owns 49,059 shares. Ontario – Canada-based Retail Bank Of Montreal Can has invested 0.02% in Jacobs Engineering Group Inc. (NYSE:JEC). Kbc Group Nv holds 0.01% or 12,912 shares in its portfolio. Boys Arnold Communication invested 0.05% in Jacobs Engineering Group Inc. (NYSE:JEC). 427,632 were accumulated by Hahn Capital Management Limited Liability Company. 4,402 are owned by Inv Counselors Of Maryland Ltd Liability Corporation. Country Club Na owns 0.47% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 48,290 shares. Ls Advsrs Ltd Liability holds 0.05% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 8,939 shares. D E Shaw And Co Incorporated accumulated 0.01% or 90,563 shares. Balyasny Asset Management Limited Liability Corporation owns 293,876 shares for 0.16% of their portfolio. Gyroscope Management Grp Llc owns 0.14% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 4,300 shares. Bokf Na stated it has 2,498 shares or 0.01% of all its holdings.

The stock of Jacobs Engineering Group Inc (NYSE:JEC) registered a decrease of 7.68% in short interest. JEC’s total short interest was 3.64M shares in October as published by FINRA. Its down 7.68% from 3.94 million shares, reported previously. With 959,400 shares average volume, it will take short sellers 4 days to cover their JEC’s short positions.

The stock increased 2.47% or $2.21 during the last trading session, reaching $91.85. About 868,142 shares traded. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 23.19% since October 12, 2018 and is uptrending. It has outperformed by 23.19% the S&P500.

Jacobs Engineering Group Inc. provides technical, professional, and construction services. The company has market cap of $12.45 billion. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services. It has a 19.42 P/E ratio. The firm also provides process, scientific, and systems consulting services, including performing pricing studies, market analyses, and financial projections in determining the feasibility of a project; performing gasoline reformulation modeling; analyzing and evaluating layout and mechanical creates for complex processing plants; analyzing automation and control systems; analyzing, designing, and executing bio containment strategies; developing and performing process protocols; and performing geological and metallurgical studies.

Jacobs Engineering Group Inc. (NYSE:JEC) Ratings Coverage

Among 4 analysts covering Jacobs Engineering Group (NYSE:JEC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Jacobs Engineering Group has $10000 highest and $8500 lowest target. $93.25’s average target is 1.52% above currents $91.85 stock price. Jacobs Engineering Group had 7 analyst reports since April 25, 2019 according to SRatingsIntel. Barclays Capital maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Tuesday, April 30 with “Overweight” rating. Bank of America maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Thursday, August 22 with “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Wednesday, May 8. Credit Suisse maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Tuesday, August 6 with “Outperform” rating. The firm has “Overweight” rating given on Tuesday, July 23 by KeyBanc Capital Markets.

More notable recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Seekingalpha.com which released: “Jacobs Engineering: Continues To Outperform As A Transformational Cinderella Story – Seeking Alpha” on September 08, 2019, also Finance.Yahoo.com with their article: “Why We’re Not Keen On Jacobs Engineering Group Inc.’s (NYSE:JEC) 7.1% Return On Capital – Yahoo News” published on January 23, 2019, Fool.com published: “Why Jacobs Engineering Group’s Shares Plunged 15% Today – Motley Fool” on November 20, 2018. More interesting news about Jacobs Engineering Group Inc. (NYSE:JEC) were released by: Finance.Yahoo.com and their article: “The Jacobs Engineering Group (NYSE:JEC) Share Price Has Gained 52% And Shareholders Are Hoping For More – Yahoo Finance” published on June 06, 2019 as well as Seekingalpha.com‘s news article titled: “Jacobs completes tender offer for KeyW – Seeking Alpha” with publication date: June 12, 2019.

Jacobs Engineering Group Inc. (NYSE:JEC) Institutional Positions Chart

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