Hedeker Wealth LLC Has $529,000 Stake in Jacobs Engineering Group Inc. (JEC)
Hedeker Wealth LLC cut its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 90.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,628 shares of the company’s stock after selling 95,728 shares during the period. Hedeker Wealth LLC’s holdings in Jacobs Engineering Group were worth $529,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in JEC. Bessemer Group Inc. boosted its stake in shares of Jacobs Engineering Group by 6.0% in the first quarter. Bessemer Group Inc. now owns 2,308 shares of the company’s stock valued at $101,000 after buying an additional 130 shares in the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock valued at $102,000 after buying an additional 42 shares in the last quarter. Euclid Advisors LLC bought a new stake in shares of Jacobs Engineering Group during the first quarter valued at $207,000. Parametrica Management Ltd bought a new stake in shares of Jacobs Engineering Group during the second quarter valued at $214,000. Finally, ING Groep NV bought a new stake in shares of Jacobs Engineering Group during the second quarter valued at $215,000. Institutional investors and hedge funds own 87.63% of the company’s stock.
Shares of Jacobs Engineering Group Inc. (NYSE:JEC) traded down 0.28% during trading on Friday, hitting $50.05. The company had a trading volume of 783,318 shares. The stock’s 50-day moving average price is $51.47 and its 200 day moving average price is $49.93. The company has a market capitalization of $6.08 billion, a P/E ratio of 29.01 and a beta of 1.68. Jacobs Engineering Group Inc. has a 52 week low of $34.76 and a 52 week high of $55.89.
Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.03. Jacobs Engineering Group had a return on equity of 8.58% and a net margin of 1.84%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company’s revenue was down 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Jacobs Engineering Group Inc. will post $3.08 earnings per share for the current year.
Several research analysts have recently commented on JEC shares. Johnson Rice lowered Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a report on Thursday, August 11th. MKM Partners started coverage on Jacobs Engineering Group in a report on Wednesday, June 29th. They set a “neutral” rating and a $49.00 price objective for the company. FBR & Co boosted their price objective on Jacobs Engineering Group from $47.00 to $55.00 and gave the stock a “mkt perform” rating in a report on Friday, August 12th. Citigroup Inc. reissued a “buy” rating on shares of Jacobs Engineering Group in a report on Tuesday, July 26th. Finally, DA Davidson boosted their price objective on Jacobs Engineering Group from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.52.
In other Jacobs Engineering Group news, insider Terence D. Hagen sold 18,639 shares of Jacobs Engineering Group stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $54.73, for a total value of $1,020,112.47. Following the sale, the insider now owns 27,022 shares of the company’s stock, valued at approximately $1,478,914.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Noel G. Watson sold 66,668 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total value of $3,447,402.28. Following the completion of the sale, the director now directly owns 736,669 shares in the company, valued at approximately $38,093,153.99. The disclosure for this sale can be found here. 3.16% of the stock is owned by company insiders.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc is a technical professional services company. The Company 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.
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