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

A number of equities analysts have issued reports on the stock. Credit Suisse Group AG reissued a “buy” rating on shares of Jacobs Engineering Group in a research report on Saturday, June 4th. Argus raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, June 3rd. FBR & Co raised their price target on shares of Jacobs Engineering Group from $42.00 to $47.00 and gave the stock a “mkt perform” rating in a research report on Monday, May 16th. Bank of America Corp. reissued a “hold” rating on shares of Jacobs Engineering Group in a research report on Tuesday, May 24th. Finally, Johnson Rice raised shares of Jacobs Engineering Group from a “hold” rating to an “accumulate” rating in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $45.30.

The stock has a 50 day moving average of $51.38 and a 200 day moving average of $44.56. The firm has a market cap of $6.47 billion and a P/E ratio of 28.05.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.07. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Jacobs Engineering Group’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. Equities analysts forecast that Jacobs Engineering Group Inc. will post $3.07 earnings per share for the current year.

In other Jacobs Engineering Group news, Director Robert C. Davidson, Jr. sold 2,500 shares of the stock in a transaction on Friday, May 13th. The stock was 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 owns 27,309 shares in the company, valued at $1,352,614.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel G. Watson sold 33,333 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $49.62, for a total value of $1,653,983.46. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in JEC. Victory Capital Management Inc. boosted its position in 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 valued at $51,644,000 after buying an additional 511,216 shares during the last quarter. Bank of Montreal Can boosted its position 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. Robeco Institutional Asset Management B.V. boosted its position in Jacobs Engineering Group by 355.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 81,324 shares of the company’s stock valued at $3,412,000 after buying an additional 63,472 shares during the last quarter. California Public Employees Retirement System boosted its position in Jacobs Engineering Group by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 366,353 shares of the company’s stock valued at $15,369,000 after buying an additional 2,600 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in 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 valued at $64,551,000 after buying an additional 43,459 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.