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Is Jacobs Engineering Group Inc (JEC) A Good Stock To Buy?

As one would reasonably expect, some big names were leading the bulls’ herd. Winton Capital Management, managed by David Harding, initiated the biggest position in Jacobs Engineering Group Inc (NYSE:JEC). Winton Capital Management had $27.9 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made an $22.9 million investment in the stock during the quarter. The following funds were also among the new JEC investors: Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Peter Muller’s PDT Partners, and Steve Cohen’s Point72 Asset Management.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Jacobs Engineering Group Inc (NYSE:JEC) but similarly valued. We will take a look at Aluminum Corp. of China Limited (ADR) (NYSE:ACH), CubeSmart (NYSE:CUBE), TransUnion (NYSE:TRU), and TIM Participacoes SA (ADR) (NYSE:TSU). This group of stocks’ market valuations are similar to JEC’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ACH 5 3478 -1
CUBE 14 260978 3
TRU 19 222735 -10
TSU 13 273199 -12

As you can see these stocks had an average of 12.75 hedge funds with bullish positions and the average amount invested in these stocks was $190 million. That figure was $179 million in JEC’s case. TransUnion (NYSE:TRU) is the most popular stock in this table. On the other hand Aluminum Corp. of China Limited (ADR) (NYSE:ACH) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Jacobs Engineering Group Inc (NYSE:JEC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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