Jacobs Engineering Group Inc (JEC) Shares Bought by Parametric Portfolio Associates LLC

Lloyd Doyle
January 13, 2018

Hutchinson Capital Management bought 17,945 shares as the company's stock declined 7.98% while stock markets rallied.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 12.01 million shares, PRIMECAP MANAGEMENT CO/CA/ with 8.31 million shares, BLACKROCK INC. with 7.97 million shares, RUANE, CUNNIFF & GOLDFARB INC with 5.69 million shares, and STATE STREET CORP with 4.98 million shares. Sprucegrove Investment Management Ltd who had been investing in Jacobs Engr Group for a number of months, seems to be less bullish one the $8.17B market cap company. The stock decreased 0.38% or $0.14 during the last trading session, reaching $36.48. About 1.11 million shares traded. Jefferies Group LLC lowered Jacobs Engineering Group from a buy rating to a hold rating and raised their target price for the stock from $54.00 to $64.00 in a research report on Tuesday, December 13th. (NYSE:FCB) has risen 30.63% since January 10, 2017 and is uptrending. It has underperformed by 8.34% the S&P500. (JEC) by 3.38% based on its latest 2017Q3 regulatory filing with the SEC. Advisor Group Inc. now owns 2,140 shares of the construction company's stock valued at $117,000 after buying an additional 339 shares in the last quarter. About 15,149 shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since January 12, 2017 and is downtrending. It has underperformed by 16.70% the S&P500. ValuEngine upgraded shares of Jacobs Engineering Group from a "hold" rating to a "buy" rating in a report on Wednesday, November 22nd. Bluecrest Cap Mngmt Limited, Guernsey-based fund reported 45,107 shares. The construction company reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.82 by $0.16. JEC's profit would be $92.80M giving it 21.99 P/E if the $0.77 EPS is correct. Burgundy Asset Management Ltd. grew its position in Jacobs Engineering Group by 3.4% during the third quarter.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.20, from 0.85 in 2017Q2. Of those transactions, there were 158,306 shares of JEC bought and 56,886 shares sold. Great Lakes Advisors Limited Liability Corp holds 0.19% of its portfolio in Jacobs Engineering Group Inc. (NYSE:JEC) for 5,892 shares. Jacobs Engineering Group Inc has a 12 month low of $49.31 and a 12 month high of $69.86. (NASDAQ:CME). Numeric Ltd Liability Co holds 0.06% of its portfolio in CME Group Inc. The Massachusetts-based Seaward Mngmt LP has invested 0.02% in Jacobs Engineering Group Inc.

Burgundy Asset Management Ltd increased its stake in Jacobs Engineering Group Inc. Jacobs Engineering Group's revenue for the quarter was up.5% compared to the same quarter last year. research analysts anticipate that Jacobs Engineering Group Inc will post 3.53 earnings per share for the current fiscal year. (NYSE:JEC) has "Outperform" rating given on Wednesday, November 23 by Credit Suisse. Prudential Financial Inc. lifted its position in Jacobs Engineering Group by 61.5% in the 2nd quarter. D E Shaw & Incorporated, New York-based fund reported 44,492 shares. Following the sale, the director now directly owns 28,149 shares in the company, valued at $1,695,414.27. Pictet North America Sa reported 60,000 shares. It also upped Henry Schein Inc (NASDAQ:HSIC) stake by 11,810 shares and now owns 24,544 shares. The Colony Group Llc holds 191,294 shares with $11.15M value, down from 196,940 last quarter.

Among 29 analysts covering AT&T Inc. (NYSE:JEC), 5 have Buy rating, 0 Sell and 11 Hold. Therefore 31% are positive. CME Group had 50 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by Longbow to "Neutral" on Thursday, February 9. Robert W. Baird has "Hold" rating and $63.0 target. On Wednesday, November 23 the stock rating was maintained by Deutsche Bank with "Hold". UBS maintained it with "Buy" rating and $33 target in Wednesday, September 6 report. As per Tuesday, November 21, the company rating was maintained by Robert W. Baird. Keefe Bruyette & Woods maintained the stock with "Hold" rating in Tuesday, October 10 report. GSA Capital Partners LLP grew its position in Jacobs Engineering Group by 240.6% during the third quarter. KeyBanc Capital Markets maintained the shares of JEC in report on Thursday, October 5 with "Buy" rating. Finally, Robert W. Baird reaffirmed a "hold" rating and issued a $69.00 target price on shares of Jacobs Engineering Group in a research report on Friday, November 24th. Whittier Trust Co. now owns 2,050 shares of the construction company's stock valued at $119,000 after buying an additional 1,200 shares in the last quarter.

Woodmont Investment Counsel Llc, which manages about $557.42 million and $366.42M US Long portfolio, decreased its stake in Proshares Tr by 25,675 shares to 8,940 shares, valued at $391,000 in 2017Q3, according to the filing. It also increased its holding in Logmein Inc (NASDAQ:LOGM) by 24,666 shares in the quarter, for a total of 191,987 shares, and has risen its stake in Adtalem Global Ed Inc.

Of those holders, 208 had increased positions amounting to 9.52 million shares, 217 had decreased positions amounting to 10.63 million shares, and 91 holders have a held position accounting for 83.37 million shares. Its up 0.20, from 0.85 in 2017Q2. 106 funds opened positions while 696 raised stakes. Barbara Oil invested in 40,000 shares or 0.67% of the stock. Cornerstone Cap has 34,680 shares for 0.24% of their portfolio. Huntington National Bank invested in 2,003 shares. Quantitative Management Ltd Co invested in 55,300 shares. The North Carolina-based Altavista Wealth Management has invested 2.23% in General Electric Company (NYSE:GE). The institutional investor owned 251,367 shares of the construction company's stock after selling 4,170 shares during the quarter. (NASDAQ:CME) for 1,926 shares. (NYSE:POT) by 775,620 shares in the quarter, leaving it with 11.20M shares, and cut its stake in Tempur Sealy Intly Inc. Parametric Associate Ltd Llc holds 289,812 shares or 0.02% of its portfolio.

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