Jabil (NYSE:JBL) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Jabil (NYSE:JBL) from a buy rating to a hold rating in a report published on Tuesday.

Several other equities research analysts also recently weighed in on the company. UBS Group increased their price objective on Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. The Goldman Sachs Group increased their price target on shares of Jabil from $160.00 to $179.00 and gave the stock a “buy” rating in a research note on Monday. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.83.

Jabil Trading Down 3.1 %

NYSE JBL opened at $153.86 on Tuesday. The firm’s fifty day moving average price is $158.75 and its 200 day moving average price is $134.29. Jabil has a 12 month low of $95.85 and a 12 month high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The company has a market capitalization of $16.80 billion, a price-to-earnings ratio of 14.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.23.

Jabil (NYSE:JBL) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the firm earned $2.60 earnings per share. The business’s revenue was down 16.6% compared to the same quarter last year. On average, sell-side analysts expect that Jabil will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. The ex-dividend date is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Insider Transactions at Jabil

In related news, Director Steven A. Raymund sold 20,000 shares of Jabil stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the sale, the director now directly owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the transaction, the executive vice president now owns 138,472 shares of the company’s stock, valued at $20,744,490.32. The trade was a 2.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 77,400 shares of company stock worth $12,804,458 over the last ninety days. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

Institutional investors have recently made changes to their positions in the stock. Bleakley Financial Group LLC lifted its stake in shares of Jabil by 2.2% in the fourth quarter. Bleakley Financial Group LLC now owns 3,273 shares of the technology company’s stock valued at $471,000 after purchasing an additional 70 shares during the period. Greenleaf Trust increased its holdings in Jabil by 1.3% in the fourth quarter. Greenleaf Trust now owns 5,671 shares of the technology company’s stock valued at $816,000 after buying an additional 72 shares in the last quarter. Resonant Capital Advisors LLC increased its holdings in Jabil by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 2,539 shares of the technology company’s stock valued at $365,000 after buying an additional 80 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Jabil by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,589 shares of the technology company’s stock valued at $195,000 after acquiring an additional 90 shares during the period. Finally, Verdence Capital Advisors LLC boosted its stake in shares of Jabil by 2.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,234 shares of the technology company’s stock worth $387,000 after acquiring an additional 91 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).