Insider Activity in Motion: Jacobs Engineering Group Inc (JEC)

Jacobs Engineering Group Inc (NYSE:JEC) insider has recently participated in insider trading activity. Director, HICKTON DAWNE S bought 2,800 shares for $100,856 via one transaction Feb 12. Following the transaction, the insider now owns 2,800 shares in total, priced at $107,604 as of Wednesday. Another notable insider trading was done by the same insider on Aug 17. STASSI PHILIP J sold 10,000 shares at an average price of $44.04 for a total of $440,400. Moreover, this insider carried out a sale of 10,000 shares at $44.00 each on Aug 10. The transaction amounted to $440,000. Executive Vice President STASSI PHILIP J sold 10,000 shares for $440,000 through one transaction Jun 22. Following this sale, this insider’s stake in the company comprises 78,590 shares, priced at $3,020,213.7 as of Wednesday.

The stock has experienced a total of 13 insider trades in the past three months. These trades include 3 sell activities and 10 buy trades. Furthermore, over the past 12 months, the stock was traded 51 times by insiders. In 19 of these trades, the insider was a seller while an employee of the company was the buyer in just 32 instances.

Jacobs Engineering Group Inc (JEC) on 17 February, 2016 announced it was awarded a contract to provide multidisciplinary engineering and selected architectural services to Manchester Airports Group (M.A.G) to support development of the Manchester Airport Transformation Program in the United Kingdom.

The Manchester Airport Transformation Program is a 10-year investment program of over $1.4 billion (£1 billion) that is expected to position the airport to play an even greater role as the UK’s global gateway from the north. The phased program includes the delivery of a series of 60 enhancements, as well as significant airside and landside development.

Under the terms of the contract, Jacobs is providing multidisciplinary engineering and selected architectural services for new and upgraded facilities including terminal, piers, airfield, multi-level car parks and surface access facilities. The planned expansion provides for a significant increase in Manchester Airport’s capacity and allows for optimum use of its two existing parallel runways.

M.A.G Chief Executive Charlie Cornish said, “Manchester Airport is thriving as a national asset, forming a key component of the UK’s aviation infrastructure at a time when airport capacity in the United Kingdom is at a premium.

“At Manchester, we have invested heavily in meeting the needs of our airlines, passengers and local communities, and we recognize now is the right time to deliver a transformation program that will meet the needs of all our customers and drive further economic growth for both the region and the country.

“We are delighted to have Jacobs on board and look forward to working with its team to fulfill this ambitious project over the coming years.”