Shares of Jacobs Engineering Group Inc. (NYSE:JEC) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $54.30 and last traded at $54.14, with a volume of 301,406 shares trading hands. The stock had previously closed at $53.87.

A number of analysts recently issued reports on JEC shares. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Monday. Standpoint Research lowered Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 14th. TheStreet upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Friday, April 15th. Argus upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Friday, June 3rd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $40.00 price objective (down from $44.00) on shares of Jacobs Engineering Group in a research note on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $45.98.

The firm’s 50 day moving average is $51.47 and its 200 day moving average is $44.82. The company has a market capitalization of $6.64 billion and a P/E ratio of 28.81.

Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Thursday, May 5th. The company reported $0.75 earnings per share for the quarter, beating 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. During the same quarter last year, the firm posted $0.72 earnings per share. Jacobs Engineering Group’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts predict that Jacobs Engineering Group Inc. will post $3.07 earnings per share for the current fiscal year.

In other Jacobs Engineering Group news, Director Noel G. Watson sold 33,333 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $49.62, for a total transaction of $1,653,983.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert C. Davidson, Jr. sold 2,500 shares of the firm’s 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 sale, 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.

Other large investors have bought and sold shares of the company. BNP Paribas Arbitrage SA acquired a new stake in Jacobs Engineering Group during the fourth quarter worth approximately $1,419,000. Norinchukin Bank The boosted 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 worth $1,715,000 after buying an additional 33,795 shares in the last quarter. Gulf International Bank UK Ltd boosted 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 worth $1,741,000 after buying an additional 2,250 shares in the last quarter. Nationwide Fund Advisors boosted its stake in Jacobs Engineering Group by 9.7% in the fourth quarter. Nationwide Fund Advisors now owns 51,451 shares of the company’s stock worth $2,158,000 after buying an additional 4,568 shares in the last quarter. Finally, Boston Partners acquired a new stake in Jacobs Engineering Group during the fourth quarter worth approximately $2,467,000.

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.