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

A number of research analysts recently weighed in on JEC shares. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Jacobs Engineering Group in a research report on Saturday, June 4th. Jefferies Group restated a “buy” rating and set a $54.00 target price (up previously from $48.00) on shares of Jacobs Engineering Group in a research note on Sunday, May 8th. Robert W. Baird reiterated a “hold” rating on shares of Jacobs Engineering Group in a research note on Sunday, May 8th. Argus initiated coverage on shares of Jacobs Engineering Group in a research note on Thursday, April 28th. They issued a “hold” rating and a $46.00 price objective for the company. Finally, MKM Partners initiated coverage on shares of Jacobs Engineering Group in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $49.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. Jacobs Engineering Group has an average rating of “Hold” and an average price target of $45.98.

The company’s 50 day moving average price is $51.59 and its 200-day moving average price is $44.96. The stock has a market cap of $6.52 billion and a P/E ratio of 28.25.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The firm earned $2.78 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the previous year, the company posted $0.72 earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities research analysts anticipate that Jacobs Engineering Group Inc. will post $3.07 earnings per share for the current year.

In related news, Director Joseph R. Bronson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $51.36, for a total value of $128,400.00. Following the sale, the director now directly owns 24,649 shares of the company’s stock, valued at $1,265,972.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel G. Watson sold 33,333 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $49.27, for a total transaction of $1,642,316.91. Following the completion of the sale, the director now directly owns 803,336 shares in the company, valued at $39,580,364.72. The disclosure for this sale can be found here.

Other large investors recently made changes to their positions in the company. BNP Paribas Arbitrage SA bought a new stake in shares of Jacobs Engineering Group during the fourth quarter worth $1,419,000. Norinchukin Bank The increased its stake 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 increased its stake 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. Nationwide Fund Advisors increased its stake in shares of 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 bought a new stake in shares of Jacobs Engineering Group during the fourth quarter worth $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.

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