Jacobs Engineering Group Inc. (NYSE:JEC) was downgraded by DA Davidson from a “buy” rating to a “neutral” rating in a research report issued on Wednesday.

JEC has been the subject of several other research reports. Deutsche Bank AG lifted their target price on shares of Jacobs Engineering Group from $53.00 to $54.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. Zacks Investment Research upgraded shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, July 25th. Argus reiterated a “buy” rating and issued a $60.00 target price (up previously from $58.00) on shares of Jacobs Engineering Group in a research note on Friday, August 19th. Johnson Rice downgraded shares of Jacobs Engineering Group from an “accumulate” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, FBR & Co lifted their target price on shares of Jacobs Engineering Group from $47.00 to $55.00 and gave the stock a “mkt perform” rating in a research note on Friday, August 12th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus target price of $48.52.

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

Jacobs Engineering Group (NYSE:JEC) opened at 59.19 on Wednesday. The company has a 50-day moving average of $51.29 and a 200 day moving average of $51.19. The company has a market cap of $7.19 billion, a P/E ratio of 34.31 and a beta of 1.61. Jacobs Engineering Group has a 52 week low of $34.76 and a 52 week high of $59.28.

In other news, insider Terence D. Hagen sold 18,639 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $54.73, for a total value of $1,020,112.47. Following the completion of the sale, the insider now directly owns 27,022 shares in the company, valued at approximately $1,478,914.06. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Noel G. Watson sold 66,668 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $51.71, for a total transaction of $3,447,402.28. Following the completion of the sale, the director now owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The disclosure for this sale can be found here. 3.16% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of JEC. Integrated Investment Consultants LLC raised its stake in 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 in the last quarter. Acrospire Investment Management LLC raised its stake in 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 in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in 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 in the last quarter. Baldwin Brothers Inc. MA purchased a new stake in Jacobs Engineering Group during the third quarter worth approximately $129,000. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Jacobs Engineering Group by 40.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,800 shares of the company’s stock worth $145,000 after buying an additional 800 shares in the last quarter. Institutional investors own 87.10% of the company’s stock.

Jacobs Engineering Group Company Profile

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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