Jabil Inc. (NYSE:JBL) Short Interest Update

Jabil Inc. (NYSE:JBL) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 3,470,000 shares, a drop of 7.7% from the September 15th total of 3,760,000 shares. Approximately 3.2% of the company’s stock are short sold. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is presently 2.3 days.

Jabil Price Performance

Shares of NYSE:JBL traded down $0.39 during trading on Wednesday, reaching $123.87. The stock had a trading volume of 777,103 shares, compared to its average volume of 1,479,911. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The business has a fifty day moving average price of $111.34 and a 200-day moving average price of $115.55. The stock has a market cap of $14.05 billion, a PE ratio of 11.27, a PEG ratio of 1.46 and a beta of 1.25. Jabil has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil (NYSE:JBL) last released its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.34 earnings per share. On average, equities analysts forecast that Jabil will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date was Thursday, August 15th. Jabil’s dividend payout ratio is presently 2.91%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group reduced their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, June 21st. JPMorgan Chase & Co. dropped their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Barclays raised their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Stifel Nicolaus raised their price objective on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jabil presently has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

Insider Buying and Selling at Jabil

In other news, EVP Frederic E. Mccoy sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $118.70, for a total value of $474,800.00. Following the completion of the transaction, the executive vice president now directly owns 108,753 shares in the company, valued at $12,908,981.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.62% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of JBL. Czech National Bank lifted its holdings in shares of Jabil by 0.3% in the 1st quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock worth $3,006,000 after acquiring an additional 73 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in shares of Jabil by 3.5% in the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after buying an additional 105 shares in the last quarter. GAMMA Investing LLC lifted its stake in Jabil by 15.3% during the 2nd quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock worth $87,000 after acquiring an additional 106 shares in the last quarter. M&R Capital Management Inc. grew its position in Jabil by 8.4% in the 2nd quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock valued at $150,000 after acquiring an additional 107 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its position in Jabil by 1.0% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock valued at $1,439,000 after acquiring an additional 110 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

About Jabil

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).