Investors Buy Large Volume of Call Options on Jacobs Engineering Group (JEC)

Jacobs Engineering Group Inc (NYSE:JEC) saw unusually large options trading on Thursday. Stock traders purchased 1,645 call options on the stock. This represents an increase of approximately 2,553% compared to the average daily volume of 62 call options.

Jacobs Engineering Group (NYSE JEC) opened at $67.96 on Tuesday. Jacobs Engineering Group has a 12-month low of $49.31 and a 12-month high of $69.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $8,190.00, a PE ratio of 28.08, a P/E/G ratio of 1.44 and a beta of 1.56.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings data on Tuesday, November 21st. The construction company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the firm earned $0.77 EPS. The firm’s revenue was up .5% compared to the same quarter last year. analysts forecast that Jacobs Engineering Group will post 3.53 earnings per share for the current fiscal year.

In other news, Director Joseph R. Bronson sold 6,125 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the sale, the director now owns 30,496 shares in the company, valued at approximately $1,921,552.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.74% of the company’s stock.

A number of institutional investors have recently bought and sold shares of JEC. Advisor Group Inc. raised its holdings in Jacobs Engineering Group by 18.8% in the 2nd quarter. Advisor Group Inc. now owns 2,140 shares of the construction company’s stock valued at $117,000 after acquiring an additional 339 shares in the last quarter. Whittier Trust Co. raised its holdings in Jacobs Engineering Group by 141.2% in the 3rd quarter. Whittier Trust Co. now owns 2,050 shares of the construction company’s stock valued at $119,000 after acquiring an additional 1,200 shares in the last quarter. Jarislowsky Fraser Ltd acquired a new position in Jacobs Engineering Group in the 3rd quarter valued at approximately $186,000. Palisade Capital Management LLC NJ acquired a new position in Jacobs Engineering Group in the 3rd quarter valued at approximately $206,000. Finally, Bridgewater Associates LP acquired a new position in Jacobs Engineering Group in the 2nd quarter valued at approximately $207,000. 84.57% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on JEC shares. Robert W. Baird reiterated a “hold” rating and set a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, November 24th. Barclays assumed coverage on Jacobs Engineering Group in a research report on Tuesday, December 12th. They set an “overweight” rating and a $75.00 price objective for the company. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 23rd. KeyCorp boosted their price objective on Jacobs Engineering Group from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 22nd. Finally, ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus price target of $69.10.

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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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