Insider Selling: Jacobs Engineering Group Inc (JEC) SVP Sells $50,957.01 in Stock
Jacobs Engineering Group Inc (NYSE:JEC) SVP Michael R. Tyler sold 873 shares of the stock in a transaction dated Friday, January 4th. The stock was sold at an average price of $58.37, for a total transaction of $50,957.01. Following the completion of the sale, the senior vice president now directly owns 28,935 shares in the company, valued at $1,688,935.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Jacobs Engineering Group stock opened at $60.75 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. Jacobs Engineering Group Inc has a 52-week low of $55.17 and a 52-week high of $82.24. The company has a market capitalization of $8.56 billion, a PE ratio of 13.59, a PEG ratio of 1.20 and a beta of 1.35.
Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, November 20th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.07. Jacobs Engineering Group had a net margin of 1.19% and a return on equity of 10.40%. The firm had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter last year, the business earned $0.98 earnings per share. The business’s revenue was up 56.1% on a year-over-year basis. As a group, analysts predict that Jacobs Engineering Group Inc will post 5.21 EPS for the current year.
A number of brokerages recently weighed in on JEC. Robert W. Baird reaffirmed a “buy” rating and issued a $73.00 target price on shares of Jacobs Engineering Group in a research note on Monday. Zacks Investment Research downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. MKM Partners lowered their target price on shares of Jacobs Engineering Group from $84.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. ValuEngine downgraded shares of Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Finally, Seaport Global Securities began coverage on shares of Jacobs Engineering Group in a research note on Thursday, November 15th. They issued a “buy” rating and a $91.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus target price of $83.38.
COPYRIGHT VIOLATION WARNING: “Insider Selling: Jacobs Engineering Group Inc (JEC) SVP Sells $50,957.01 in Stock” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://theolympiareport.com/2019/01/11/insider-selling-jacobs-engineering-group-inc-jec-svp-sells-50957-01-in-stock.html.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
Further Reading: Why are analyst ratings important in trading stocks?
Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.