Jabil Inc. (NYSE:JBL) Director Sells $3,026,000.00 in Stock

Jabil Inc. (NYSE:JBL) Director Steven A. Raymund sold 20,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares of the company’s stock, valued at $18,021,040.40. The trade was a 14.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jabil Trading Up 1.6 %

Shares of JBL stock traded up $2.39 during mid-day trading on Tuesday, hitting $155.90. The company’s stock had a trading volume of 1,266,832 shares, compared to its average volume of 1,330,479. The company’s fifty day simple moving average is $138.75 and its 200-day simple moving average is $121.92. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. 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 company has a market cap of $17.41 billion, a PE ratio of 14.15, a P/E/G ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 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 16.6% compared to the same quarter last year. During the same period last year, the business posted $2.60 EPS. As a group, equities research analysts expect that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.21%. Jabil’s dividend payout ratio is presently 3.07%.

Analyst Upgrades and Downgrades

JBL has been the subject of several analyst reports. UBS Group raised their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 target price (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Barclays raised their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. The Goldman Sachs Group raised their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, StockNews.com lowered Jabil from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average price target of $153.17.

Institutional Trading of Jabil

Large investors have recently made changes to their positions in the company. Meyer Handelman Co. acquired a new position in Jabil during the 4th quarter valued at about $7,334,000. Radnor Capital Management LLC boosted its stake in Jabil by 31.0% during the 4th quarter. Radnor Capital Management LLC now owns 3,669 shares of the technology company’s stock valued at $528,000 after purchasing an additional 869 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Jabil by 127.5% during the 4th quarter. Park Avenue Securities LLC now owns 5,595 shares of the technology company’s stock valued at $805,000 after purchasing an additional 3,136 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Jabil by 7.0% during the 4th quarter. Kathmere Capital Management LLC now owns 3,393 shares of the technology company’s stock valued at $488,000 after purchasing an additional 221 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Jabil by 1.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 159,058 shares of the technology company’s stock valued at $22,888,000 after purchasing an additional 1,743 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

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).