JEC, TYC And HTZ, Pushing Diversified Services Industry Downward

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 5 points (0.0%) at 17,085 as of Friday, Aug. 29, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,872 issues advancing vs. 1,050 declining with 205 unchanged.

The Diversified Services industry currently sits up 0.3% versus the S&P 500, which is up 0.2%. A company within the industry that fell today was Visa ( V), up 0.8%. A company within the industry that increased today was Fleetcor Technologies ( FLT), up 0.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Jacobs Engineering Group ( JEC) is one of the companies pushing the Diversified Services industry lower today. As of noon trading, Jacobs Engineering Group is down $0.58 (-1.1%) to $53.73 on light volume. Thus far, 249,213 shares of Jacobs Engineering Group exchanged hands as compared to its average daily volume of 960,100 shares. The stock has ranged in price between $53.52-$54.49 after having opened the day at $54.35 as compared to the previous trading day's close of $54.31.

Jacobs Engineering Group Inc. provides technical, professional, and construction services to various industrial, commercial, and governmental clients worldwide. Jacobs Engineering Group has a market cap of $7.2 billion and is part of the services sector. Shares are down 13.8% year-to-date as of the close of trading on Thursday. Currently there are 10 analysts that rate Jacobs Engineering Group a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Jacobs Engineering Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. Get the full Jacobs Engineering Group Ratings Report now.

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