Jacobs Engineering Group Inc. (NYSE:JEC) hit a new 52-week high during trading on Wednesday . The company traded as high as $53.74 and last traded at $52.82, with a volume of 332,181 shares changing hands. The stock had previously closed at $53.09.

A number of analysts have recently issued reports on JEC shares. Goldman Sachs Group Inc. increased their target price on Jacobs Engineering Group from $33.00 to $35.00 in a report on Monday, March 28th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, April 6th. Deutsche Bank AG restated a “hold” rating and issued a $40.00 target price (down previously from $44.00) on shares of Jacobs Engineering Group in a report on Wednesday, April 6th. Standpoint Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Finally, TheStreet upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Friday, April 15th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Jacobs Engineering Group has a consensus rating of “Hold” and an average target price of $45.30.

The stock’s 50 day moving average price is $50.78 and its 200-day moving average price is $43.99. The stock has a market capitalization of $6.42 billion and a P/E ratio of 27.85.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. During the same period in the prior year, the business earned $0.72 earnings per share. The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.79 billion. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Jacobs Engineering Group Inc. will post $3.06 EPS for the current fiscal year.

In other news, Director Noel G. Watson sold 66,666 shares of Jacobs Engineering Group stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $49.28, for a total transaction of $3,285,300.48. Following the transaction, the director now directly owns 770,003 shares of the company’s stock, valued at $37,945,747.84. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Noel G. Watson sold 33,333 shares of Jacobs Engineering Group stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $49.62, for a total transaction of $1,653,983.46. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA purchased a new position in shares of Jacobs Engineering Group during the fourth quarter worth $1,419,000. Wellington Shields Capital Management LLC purchased a new position in shares of Jacobs Engineering Group during the fourth quarter worth $1,527,000. Norinchukin Bank The boosted its position in shares of Jacobs Engineering Group by 477.1% in the fourth quarter. Norinchukin Bank The now owns 40,878 shares of the company’s stock worth $1,715,000 after buying an additional 33,795 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Jacobs Engineering Group by 5.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 41,491 shares of the company’s stock worth $1,741,000 after buying an additional 2,250 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Jacobs Engineering Group by 1.5% in the fourth quarter. ProShare Advisors LLC now owns 49,787 shares of the company’s stock worth $2,089,000 after buying an additional 755 shares in the last quarter.

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. Its services include technical professional services and field services. Its technical professional services include project services, and process, scientific and systems consulting.

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