Trading Report: The Insider Selling: Jacobs Engineering Group Inc. (JEC) Director Sold $3,447,402.28 in Stock

The Insider Selling: Jacobs Engineering Group Inc. (JEC) Director Sold $3,447,402.28 in Stock

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 stock was 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 directly owns 736,669 shares of the company’s stock, valued at $38,093,153.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at 51.83 on Monday. Jacobs Engineering Group Inc. has a 1-year low of $34.76 and a 1-year high of $55.89. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 30.05 and a beta of 1.68. The stock has a 50 day moving average price of $51.87 and a 200-day moving average price of $49.78.

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

Large investors have recently modified their holdings of the company. Teachers Advisors Inc. raised its stake in shares of Jacobs Engineering Group by 14.1% in the first quarter. Teachers Advisors Inc. now owns 155,736 shares of the company’s stock worth $6,782,000 after buying an additional 19,188 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Jacobs Engineering Group by 7.2% in the first quarter. Prudential Financial Inc. now owns 376,342 shares of the company’s stock worth $16,390,000 after buying an additional 25,200 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Jacobs Engineering Group by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,361,346 shares of the company’s stock worth $146,387,000 after buying an additional 16,322 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Jacobs Engineering Group by 0.5% in the first quarter. Massmutual Trust Co. FSB ADV now owns 11,835 shares of the company’s stock worth $515,000 after buying an additional 64 shares during the last quarter. Finally, Hutchinson Capital Management CA raised its stake in shares of Jacobs Engineering Group by 109.5% in the first quarter. Hutchinson Capital Management CA now owns 440,845 shares of the company’s stock worth $19,198,000 after buying an additional 230,399 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Several equities analysts have recently weighed in on JEC shares. Argus reiterated a “buy” rating and issued a $60.00 price target (up from $58.00) on shares of Jacobs Engineering Group in a research report on Friday, August 19th. DA Davidson lifted their price target on Jacobs Engineering Group from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Citigroup Inc. reiterated a “buy” rating on shares of Jacobs Engineering Group in a research report on Tuesday, July 26th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Monday, July 25th. Finally, Jefferies Group reiterated a “buy” rating and issued a $54.00 price target on shares of Jacobs Engineering Group in a research report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Jacobs Engineering Group has a consensus rating of “Hold” and a consensus price target of $48.52.

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