Insider Selling: Jacobs Engineering Group Director Sells 1,000 Shares of Stock (JEC)
Jacobs Engineering Group (NYSE:JEC) Director Robert Davidson, Jr. sold 1,000 shares of Jacobs Engineering Group stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $58.05, for a total transaction of $58,050.00. Following the completion of the sale, the director now directly owns 19,500 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on JEC. Analysts at Zacks reiterated a “hold” rating on shares of Jacobs Engineering Group (NYSE:JEC) in a research note to investors on Monday. They now have a $62.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Jacobs Engineering Group (NYSE:JEC) from $56.00 to $63.00 in a research note to investors on Monday. Finally, analysts at Bank of America Corp. downgraded shares of Jacobs Engineering Group (NYSE:JEC) to a “neutral” rating in a research note to investors on Friday, September 6th.
Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $58.73.
Jacobs Engineering Group (NYSE:JEC) traded down 0.23% during mid-day trading on Friday, hitting $57.925. 502,212 shares of the company’s stock traded hands. Jacobs Engineering Group has a one year low of $38.28 and a one year high of $62.33. The stock has a 50-day moving average of $59.60 and a 200-day moving average of $55.29. The company has a market cap of $7.615 billion and a P/E ratio of 18.04.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.85 by $0.02. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.98 billion. Analysts expect that Jacobs Engineering Group will post $3.26 EPS for the current fiscal year.
Jacobs Engineering Group Inc is a technical professional services firm. The Company provides a diverse range of technical, professional, and construction services to a number of industrial, commercial, and governmental clients.
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