Jacobs Engineering Group Inc. (NYSE:JEC) Director Noel G. Watson sold 66,668 shares of the firm’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $51.71, for a total value of $3,447,402.28. Following the completion of the sale, the director now owns 736,669 shares in the company, valued at $38,093,153.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jacobs Engineering Group Inc. (NYSE:JEC) opened at 51.32 on Wednesday. Jacobs Engineering Group Inc. has a 12-month low of $34.76 and a 12-month high of $55.89. The company’s 50 day moving average price is $52.00 and its 200-day moving average price is $49.69. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 29.75 and a beta of 1.68.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Jacobs Engineering Group had a net margin of 1.84% and a return on equity of 8.58%. The firm earned $2.70 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the company earned $0.97 EPS. The firm’s revenue was down 7.3% on a year-over-year basis. On average, analysts forecast that Jacobs Engineering Group Inc. will post $3.08 EPS for the current year.

Insider Buying and Selling by Quarter for Jacobs Engineering Group (NYSE:JEC)

Hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. boosted its stake in shares of Jacobs Engineering Group by 6.0% in the first quarter. Bessemer Group Inc. now owns 2,308 shares of the company’s stock worth $101,000 after buying an additional 130 shares during the period. Integrated Investment Consultants LLC boosted its stake in shares of Jacobs Engineering Group by 2.1% in the second quarter. Integrated Investment Consultants LLC now owns 2,048 shares of the company’s stock worth $102,000 after buying an additional 42 shares during the period. Acrospire Investment Management LLC boosted its stake in shares of Jacobs Engineering Group by 340.0% in the second quarter. Acrospire Investment Management LLC now owns 2,200 shares of the company’s stock worth $110,000 after buying an additional 1,700 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Jacobs Engineering Group by 33.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,366 shares of the company’s stock worth $117,000 after buying an additional 594 shares during the period. Finally, PineBridge Investments L.P. acquired a new stake in shares of Jacobs Engineering Group during the second quarter worth $160,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on JEC shares. Citigroup Inc. restated a “buy” rating on shares of Jacobs Engineering Group in a research note on Tuesday, July 26th. MKM Partners started coverage on Jacobs Engineering Group in a research note on Wednesday, June 29th. They issued a “neutral” rating and a $49.00 price target on the stock. Johnson Rice cut Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research note on Thursday, August 11th. DA Davidson raised their price target on Jacobs Engineering Group from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Finally, Argus restated a “buy” rating and issued a $60.00 price target (up from $58.00) on shares of Jacobs Engineering Group in a research note on Friday, August 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $48.52.

About Jacobs Engineering Group

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. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

5 Day Chart for NYSE:JEC

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