Jacobs Engineering Group Inc (NYSE:JEC) Could Improve Your Long Portfolio After Less Shorts Reported

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 improved, 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.
Mastrapasqua Asset reported 2,500 shares. Swiss Bankshares holds 0.04% in Jacobs Engineering Group Inc. (NYSE:JEC) or 454,843 shares. First Fin Bancorp stated it has 3,950 shares. Northwestern Mutual Wealth holds 0% or 2,819 shares in its portfolio. Evanson Asset Ltd Limited Liability Company reported 5,000 shares. Shufro Rose And Limited Liability Com stated it has 30,050 shares. First Midwest Bank Tru Division invested 0.09% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC). Janney Montgomery Scott Ltd Liability Com reported 14,165 shares. Huntington Retail Bank holds 0% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 1,454 shares. Monetary Mngmt Gp holds 0.01% or 200 shares. 5,344 were accumulated by Kentucky Retirement System. Halsey Assocs Ct invested 2.27% in Jacobs Engineering Group Inc. (NYSE:JEC). Lpl Finance Limited Com holds 0% or 12,808 shares in its portfolio. Public Employees Retirement System Of Ohio holds 0.12% or 264,205 shares. Glenmede Tru Na holds 0% or 250 shares in its portfolio.

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 3.94M 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. As per Tuesday, July 23, the company rating was maintained by KeyBanc Capital Markets. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) has “Overweight” rating given on Tuesday, April 30 by Barclays Capital. The stock has “Overweight” rating by KeyBanc Capital Markets on Wednesday, May 8. The stock has “Buy” rating by Bank of America on Thursday, August 22. Credit Suisse maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Tuesday, August 6 with “Outperform” rating.

More notable recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Seekingalpha.com which released: “Jacobs completes filtration plant in Singapore – Seeking Alpha” on August 28, 2019, also Fool.com with their article: “Jacobs Engineering Group Inc (JEC) Q1 2019 Earnings Conference Call Transcript – Motley Fool” published on February 06, 2019, Seekingalpha.com published: “Jacobs develops portable HD camera system for NASA – Seeking Alpha” on September 17, 2019. More interesting news about Jacobs Engineering Group Inc. (NYSE:JEC) were released by: Finance.Yahoo.com and their article: “Is Arconic Inc. (ARNC) Going to Burn These Hedge Funds? – Yahoo Finance” published on October 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Here’s What We Think About Jacobs Engineering Group Inc.’s (NYSE:JEC) CEO Pay – Yahoo News” with publication date: January 05, 2019.

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

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