Insider Selling: Jacobs Engineering Group SVP Unloads 6,000 Shares of Stock (JEC)
Jacobs Engineering Group (NYSE:JEC) SVP Nazim Thawerbhoy sold 6,000 shares of Jacobs Engineering Group stock on the open market in a transaction dated Thursday, September 19th. The shares were sold at an average price of $59.72, for a total value of $358,320.00. Following the completion of the sale, the senior vice president now directly owns 18,885 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
JEC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “hold” rating on shares of Jacobs Engineering Group (NYSE:JEC) in a research note to investors on Monday, September 9th. 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, September 9th. 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. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus price target of $58.73.
Shares of Jacobs Engineering Group (NYSE:JEC) traded up 0.08% on Thursday, hitting $59.73. The stock had a trading volume of 925,212 shares. 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 $59.61 and a 200-day moving average of $55.6. The company has a market cap of $7.852 billion and a price-to-earnings ratio of 18.54.
Jacobs Engineering Group (NYSE:JEC) last released its earnings data on Monday, July 29th. The company reported $0.83 earnings per share for the quarter, missing the analysts’ 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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