Jabil Inc. (NYSE:JBL) EVP Sells $523,725.24 in Stock

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 4,283 shares of Jabil stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $122.28, for a total value of $523,725.24. Following the transaction, the executive vice president now directly owns 142,472 shares of the company’s stock, valued at $17,421,476.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jabil Stock Up 3.7 %

JBL opened at $127.67 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of 11.59, a price-to-earnings-growth ratio of 1.45 and a beta of 1.24. The business has a 50-day moving average of $115.99 and a two-hundred day moving average of $114.60. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, beating the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue was down 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 EPS. On average, research analysts expect that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil’s payout ratio is currently 2.90%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JBL shares. Barclays lifted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. dropped their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus lifted their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.50.

Institutional Trading of Jabil

Institutional investors have recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Jabil during the 1st quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Jabil during the 2nd quarter worth about $28,000. Capital Performance Advisors LLP purchased a new stake in shares of Jabil during the 3rd quarter worth about $32,000. Innealta Capital LLC purchased a new stake in shares of Jabil during the 2nd quarter worth about $31,000. Finally, Family Firm Inc. purchased a new stake in shares of Jabil during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. It operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. The company offers electronics design, production, and product management services; electronic circuit design services, such as application-specific integrated circuit design, firmware development, and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).