Jacobs Engineering Group Inc. (NYSE:JEC)’s share price hit a new 52-week high on Thursday . The company traded as high as $53.99 and last traded at $53.17, with a volume of 286,669 shares. The stock had previously closed at $53.32.

A number of brokerages recently weighed in on JEC. Jefferies Group reaffirmed a “buy” rating and issued a $54.00 target price (up from $48.00) on shares of Jacobs Engineering Group in a research note on Sunday, May 8th. Robert W. Baird reaffirmed a “hold” rating on shares of Jacobs Engineering Group in a research note on Sunday, May 8th. Credit Suisse Group AG reissued a “buy” rating on shares of Jacobs Engineering Group in a research report on Saturday, June 4th. Argus began coverage on shares of Jacobs Engineering Group in a research report on Thursday, April 28th. They set a “hold” rating and a $46.00 price target on the stock. Finally, MKM Partners began coverage on shares of Jacobs Engineering Group in a research report on Wednesday, June 29th. They set a “neutral” rating and a $49.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.30.

The firm’s 50-day moving average is $51.24 and its 200-day moving average is $44.41. The company has a market cap of $6.50 billion and a PE ratio of 28.17.

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

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

Several large investors have bought and sold shares of the company. Bank of Montreal Can increased its stake in 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 valued at $82,270,000 after buying an additional 380,714 shares during the last quarter. Cornerstone Capital Management Holdings LLC. increased its stake in Jacobs Engineering Group by 83.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 85,251 shares of the company’s stock valued at $3,576,000 after buying an additional 38,885 shares during the last quarter. Norinchukin Bank The increased its stake in Jacobs Engineering Group by 477.1% in the fourth quarter. Norinchukin Bank The now owns 40,878 shares of the company’s stock valued at $1,715,000 after buying an additional 33,795 shares during the last quarter. Gulf International Bank UK Ltd increased its stake in 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 valued at $1,741,000 after buying an additional 2,250 shares during the last quarter. Finally, Madison Investment Holdings Inc. increased its stake in Jacobs Engineering Group by 65.6% in the fourth quarter. Madison Investment Holdings Inc. now owns 1,157,114 shares of the company’s stock valued at $48,541,000 after buying an additional 458,468 shares during 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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