Pacad Investment LTD Cut Its Oclaro (OCLR) Holding as Stock Value Rose; As Jacobs Engineering Group (JEC) Stock Value Declined, Park National Lowered by $1.08 Million Its Position

April 17, 2018 - By Peter Erickson

Jacobs Engineering Group Inc. (NYSE:JEC) Logo

Pacad Investment Ltd decreased its stake in Oclaro Inc (OCLR) by 73.94% based on its latest 2017Q4 regulatory filing with the SEC. Pacad Investment Ltd sold 52,499 shares as the company’s stock rose 40.76% while stock markets declined. The institutional investor held 18,500 shares of the technology company at the end of 2017Q4, valued at $125,000, down from 70,999 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Oclaro Inc for a number of months, seems to be less bullish one the $1.44 billion market cap company. The stock increased 5.88% or $0.4701 during the last trading session, reaching $8.4601. About 6.18M shares traded. Oclaro, Inc. (NASDAQ:OCLR) has declined 2.03% since April 17, 2017 and is downtrending. It has underperformed by 13.58% the S&P500.

Park National Corp decreased its stake in Jacobs Engineering Group Inc (JEC) by 18.33% based on its latest 2017Q4 regulatory filing with the SEC. Park National Corp sold 16,553 shares as the company’s stock declined 15.16% with the market. The institutional investor held 73,756 shares of the military and government and technical company at the end of 2017Q4, valued at $4.87M, down from 90,309 at the end of the previous reported quarter. Park National Corp who had been investing in Jacobs Engineering Group Inc for a number of months, seems to be less bullish one the $8.53 billion market cap company. The stock increased 0.79% or $0.47 during the last trading session, reaching $60.19. About 251,615 shares traded. Jacobs Engineering Group Inc. (NYSE:JEC) has risen 4.71% since April 17, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Investors sentiment increased to 1.16 in Q4 2017. Its up 0.11, from 1.05 in 2017Q3. It increased, as 25 investors sold JEC shares while 153 reduced holdings. 67 funds opened positions while 140 raised stakes. 112.42 million shares or 15.23% more from 97.56 million shares in 2017Q3 were reported. Moreover, Tdam Usa has 0.08% invested in Jacobs Engineering Group Inc. (NYSE:JEC). Brinker Capital Inc, a Pennsylvania-based fund reported 21,951 shares. Barclays Public Ltd Co has invested 0.01% in Jacobs Engineering Group Inc. (NYSE:JEC). Riverhead Cap Management Ltd Liability Corp stated it has 0.04% in Jacobs Engineering Group Inc. (NYSE:JEC). Sun Life holds 0% or 263 shares. Oakbrook Invs Limited Liability Corporation holds 9,680 shares or 0.04% of its portfolio. Amundi Pioneer Asset Mngmt Incorporated accumulated 0.03% or 285,634 shares. Arcadia Investment Management Mi owns 100 shares or 0% of their US portfolio. State Common Retirement Fund owns 342,638 shares. Neville Rodie & Shaw invested in 130,730 shares. Prudential Public Limited Liability reported 254,883 shares stake. Tudor Investment Corporation Et Al invested in 15,757 shares or 0.03% of the stock. Grandfield And Dodd Llc has 0.05% invested in Jacobs Engineering Group Inc. (NYSE:JEC). Moreover, Invesco Ltd has 0.01% invested in Jacobs Engineering Group Inc. (NYSE:JEC) for 427,987 shares. Pacad Invest holds 5,062 shares.

Analysts await Jacobs Engineering Group Inc. (NYSE:JEC) to report earnings on May, 8. They expect $0.88 earnings per share, up 12.82% or $0.10 from last year’s $0.78 per share. JEC’s profit will be $124.67M for 17.10 P/E if the $0.88 EPS becomes a reality. After $0.77 actual earnings per share reported by Jacobs Engineering Group Inc. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Among 19 analysts covering Jacobs Engineering Group Inc. (NYSE:JEC), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Jacobs Engineering Group Inc. had 56 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by Johnson Rice to “Hold” on Thursday, August 11. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) earned “Hold” rating by Argus Research on Thursday, April 28. Deutsche Bank upgraded the shares of JEC in report on Thursday, March 29 to “Buy” rating. The firm has “Hold” rating by Jefferies given on Friday, August 4. The rating was upgraded by Goldman Sachs on Tuesday, January 30 to “Hold”. Robert W. Baird maintained Jacobs Engineering Group Inc. (NYSE:JEC) on Monday, September 4 with “Hold” rating. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) has “Hold” rating given on Friday, November 10 by Robert W. Baird. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) has “Hold” rating given on Friday, October 6 by Robert W. Baird. The rating was maintained by Robert W. Baird on Wednesday, February 7 with “Hold”. The stock of Jacobs Engineering Group Inc. (NYSE:JEC) has “Accumulate” rating given on Monday, May 9 by Johnson Rice.

Park National Corp, which manages about $1.79 billion US Long portfolio, upped its stake in National Oilwell Varco Inc (NYSE:NOV) by 12,969 shares to 40,199 shares, valued at $1.45 million in 2017Q4, according to the filing. It also increased its holding in Intercontinental Exchange Inc (NYSE:ICE) by 24,890 shares in the quarter, for a total of 119,906 shares, and has risen its stake in Intuitive Surgical Inc (NASDAQ:ISRG).

Since February 14, 2018, it had 0 insider buys, and 1 sale for $313,250 activity.

Among 20 analysts covering Oclaro Inc (NASDAQ:OCLR), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. Oclaro Inc had 61 analyst reports since August 18, 2015 according to SRatingsIntel. KeyBanc Capital Markets upgraded Oclaro, Inc. (NASDAQ:OCLR) on Monday, December 18 to “Buy” rating. The firm earned “Buy” rating on Thursday, July 13 by Cowen & Co. On Thursday, November 2 the stock rating was downgraded by Needham to “Buy”. B. Riley & Co downgraded the stock to “Neutral” rating in Tuesday, March 13 report. Northland Capital maintained Oclaro, Inc. (NASDAQ:OCLR) on Thursday, November 2 with “Buy” rating. The rating was initiated by Jefferies with “Buy” on Monday, October 3. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 5 report. The firm earned “Buy” rating on Tuesday, February 6 by Stifel Nicolaus. Jefferies reinitiated the stock with “Buy” rating in Wednesday, November 1 report. As per Tuesday, February 6, the company rating was maintained by Cowen & Co.

Analysts await Oclaro, Inc. (NASDAQ:OCLR) to report earnings on May, 1. They expect $0.06 earnings per share, down 72.73% or $0.16 from last year’s $0.22 per share. OCLR’s profit will be $10.20 million for 35.25 P/E if the $0.06 EPS becomes a reality. After $0.12 actual earnings per share reported by Oclaro, Inc. for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Investors sentiment decreased to 1.01 in 2017 Q4. Its down 0.27, from 1.28 in 2017Q3. It dropped, as 44 investors sold OCLR shares while 68 reduced holdings. 36 funds opened positions while 77 raised stakes. 110.17 million shares or 4.65% less from 115.55 million shares in 2017Q3 were reported. Thompson Davis And Communications holds 1,000 shares or 0.02% of its portfolio. State Teachers Retirement Sys stated it has 78,486 shares or 0% of all its holdings. Tower Rech Limited Liability Corp (Trc) has invested 0% in Oclaro, Inc. (NASDAQ:OCLR). Pinnacle Assoc Limited holds 205,585 shares. Prudential Finance holds 0% or 274,980 shares in its portfolio. Millrace Asset Grp Inc holds 87,287 shares or 0.56% of its portfolio. Moreover, Alliancebernstein Limited Partnership has 0% invested in Oclaro, Inc. (NASDAQ:OCLR) for 246,600 shares. State Of Wisconsin Investment Board has 0% invested in Oclaro, Inc. (NASDAQ:OCLR). Voya Invest Management Limited Company holds 0% or 165,262 shares in its portfolio. Employees Retirement Association Of Colorado holds 0% in Oclaro, Inc. (NASDAQ:OCLR) or 8,666 shares. Balyasny Asset Mngmt Ltd Liability Com has invested 0.02% in Oclaro, Inc. (NASDAQ:OCLR). Profund Advsrs Llc owns 25,638 shares. 92,481 are owned by Bancshares Hapoalim Bm. Metropolitan Life Ins Co New York invested 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Cibc Asset Management has 12,650 shares.

Pacad Investment Ltd, which manages about $440.53 million US Long portfolio, upped its stake in Xcel Energy Inc (NYSE:XEL) by 15,300 shares to 18,400 shares, valued at $885,000 in 2017Q4, according to the filing. It also increased its holding in Pilgrims Pride Corp New (NASDAQ:PPC) by 15,500 shares in the quarter, for a total of 28,600 shares, and has risen its stake in Grupo Televisa Sa (NYSE:TV).

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

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