What’s Next for Jacobs Engineering Group Inc (NYSE:JEC) After Having Less Shares Shorted?

Jacobs Engineering Group Inc. (NYSE:JEC) Logo

Investors sentiment increased to 0.97 in Q2 2019. 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.
Lvw Advisors Ltd holds 0.18% or 7,876 shares. Wedge Cap Management L L P Nc holds 180,447 shares or 0.17% of its portfolio. 89 are owned by Canada Pension Plan Investment Board. Ci Invests Incorporated holds 1.62% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 3.44M shares. Captrust Financial Advsr owns 5,899 shares. Aperio Gp Limited Liability Co has invested 0.03% in Jacobs Engineering Group Inc. (NYSE:JEC). Prelude Mgmt Lc stated it has 0.02% in Jacobs Engineering Group Inc. (NYSE:JEC). Pictet Asset Mngmt reported 0.01% stake. Cornerstone Advisors stated it has 188 shares. Ashfield Capital Prtnrs Limited Liability holds 0.15% or 16,371 shares. Exane Derivatives accumulated 0% or 19 shares. Blackrock Incorporated owns 8.12 million shares or 0.03% of their US portfolio. Raymond James & Associates owns 36,487 shares. 3,496 were accumulated by Mai Cap Mgmt. Nwq Inv Management Ltd Company reported 0.11% stake.

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 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. Credit Suisse maintained it with “Outperform” rating and $10000 target in Tuesday, August 6 report. KeyBanc Capital Markets maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Wednesday, May 8 with “Overweight” rating. On Tuesday, July 23 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Bank of America maintained the stock with “Buy” rating in Thursday, August 22 report. The company was maintained on Tuesday, April 30 by Barclays Capital. The rating was maintained by M Partners with “Buy” on Tuesday, March 19.

More notable recent Jacobs Engineering Group Inc. (NYSE:JEC) news were published by: Seekingalpha.com which released: “Jacobs to acquire Wood’s Nuclear Business – Seeking Alpha” on August 20, 2019, also Finance.Yahoo.com with their article: “A Closer Look At Jacobs Engineering Group Inc.’s (NYSE:JEC) Uninspiring ROE – Yahoo Finance” published on September 13, 2019, Finance.Yahoo.com published: “Jacobs Engineering Group Inc. (NYSE:JEC) Is Yielding 0.8% – But Is It A Buy? – Yahoo Finance” on July 02, 2019. 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 filtration plant in Singapore – Seeking Alpha” with publication date: August 28, 2019.

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

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