What Next for Jacobs Engineering Group Inc (NYSE:JEC) Stock After Decrease 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 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.
Cushing Asset Management Limited Partnership holds 0.12% or 35,360 shares in its portfolio. Bnp Paribas Arbitrage owns 16,594 shares. Arcadia Inv Corporation Mi, a Michigan-based fund reported 300 shares. The Nevada-based Whittier Trust Of Nevada Incorporated has invested 0% in Jacobs Engineering Group Inc. (NYSE:JEC). Sfmg invested in 10,984 shares or 0.13% of the stock. 15,692 were reported by Veritable Lp. Franklin Inc holds 0% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 5,664 shares. Arizona State Retirement accumulated 89,501 shares. Markston Llc accumulated 28,036 shares or 0.28% of the stock. Hahn Management Lc holds 0% in Jacobs Engineering Group Inc. (NYSE:JEC) or 427,632 shares. 9,750 were reported by Iat Reinsurance Communications Ltd. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 0.03% or 3,919 shares. Notis, Alabama-based fund reported 4,500 shares. Braun Stacey Assoc Inc owns 154,314 shares for 0.83% of their portfolio. Optimum Inv Advsrs invested in 450 shares or 0.01% of the stock.

The stock of Jacobs Engineering Group Inc (NYSE:JEC) registered a decrease of 7.68% in short interest. JEC’s total short interest was 3.64 million shares in September 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 0.92% or $0.83 during the last trading session, reaching $91.21. About 989,610 shares traded or 2.34% up from the average. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 23.19% since September 13, 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 $12.36 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 19.29 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 5 analysts covering Jacobs Engineering (NYSE:JEC), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Jacobs Engineering has $10000 highest and $8500 lowest target. $92’s average target is 0.87% above currents $91.21 stock price. Jacobs Engineering had 9 analyst reports since March 19, 2019 according to SRatingsIntel. KeyBanc Capital Markets maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Wednesday, May 8 with “Overweight” rating. Barclays Capital maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Tuesday, April 30 with “Overweight” rating. On Tuesday, August 6 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) has “Buy” rating given on Tuesday, March 19 by M Partners. The rating was maintained by Bank of America with “Buy” on Thursday, August 22. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Tuesday, July 23.

More notable recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Finance.Yahoo.com which released: “Jacobs Engineering Group Inc. (NYSE:JEC) Is Yielding 0.8% – But Is It A Buy? – Yahoo Finance” on July 02, 2019, also Prnewswire.com with their article: “Jacobs Selected for Wetland/Electro-Coagulation Treatment Facility at Superfund Site in Washington State – PRNewswire” published on September 04, 2019, Finance.Yahoo.com published: “Have Insiders Been Buying Jacobs Engineering Group Inc. (NYSE:JEC) Shares This Year? – Yahoo Finance” on April 30, 2019. More interesting news about Jacobs Engineering Group Inc. (NYSE:JEC) were released by: Seekingalpha.com and their article: “Jacobs Engineering: Continues To Outperform As A Transformational Cinderella Story – Seeking Alpha” published on September 09, 2019 as well as Finance.Yahoo.com‘s news article titled: “The Jacobs Engineering Group (NYSE:JEC) Share Price Has Gained 52% And Shareholders Are Hoping For More – Yahoo Finance” with publication date: June 06, 2019.

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

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