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

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

The stock has a market capitalization of $6.44 billion and a price-to-earnings ratio of 27.93. The stock has a 50-day moving average price of $50.97 and a 200-day moving average price of $44.12.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Thursday, May 5th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.07. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.79 billion. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.72 earnings per share. Analysts forecast that Jacobs Engineering Group Inc. will post $3.06 EPS for the current year.

In other news, Director Noel G. Watson sold 33,333 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $49.27, for a total value of $1,642,316.91. Following the transaction, the director now directly owns 803,336 shares of the company’s stock, valued at $39,580,364.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Davidson, Jr. sold 2,500 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $49.53, for a total value of $123,825.00. Following the completion of the transaction, the director now directly owns 27,309 shares in the company, valued at $1,352,614.77. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in JEC. Vanguard Group Inc. raised its position in shares of Jacobs Engineering Group by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 10,224,374 shares of the company’s stock worth $428,913,000 after buying an additional 270,784 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Jacobs Engineering Group by 17.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,527,926 shares of the company’s stock worth $106,051,000 after buying an additional 369,942 shares in the last quarter. Bank of Montreal Can raised its position in shares of Jacobs Engineering Group by 24.1% in the fourth quarter. Bank of Montreal Can now owns 1,961,142 shares of the company’s stock worth $82,270,000 after buying an additional 380,714 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Jacobs Engineering Group by 2.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,538,770 shares of the company’s stock worth $64,551,000 after buying an additional 43,459 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Jacobs Engineering Group by 71.0% in the fourth quarter. Victory Capital Management Inc. now owns 1,231,075 shares of the company’s stock worth $51,644,000 after buying an additional 511,216 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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