Insider Selling: Jabil Inc. (NYSE:JBL) Director Sells 50,000 Shares of Stock

Jabil Inc. (NYSE:JBL) Director John C. Plant sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total transaction of $8,627,500.00. Following the completion of the sale, the director now directly owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jabil Price Performance

JBL stock opened at $161.32 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The stock has a market cap of $17.61 billion, a PE ratio of 15.47, a P/E/G ratio of 1.68 and a beta of 1.23. The firm has a 50 day simple moving average of $145.77 and a two-hundred day simple moving average of $126.05.

Jabil (NYSE:JBL) last released its quarterly 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 net margin of 4.71% and a return on equity of 41.87%. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the company earned $2.60 EPS. The business’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, analysts predict that Jabil Inc. will post 8.03 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 dividend on an annualized basis and a yield of 0.20%. Jabil’s dividend payout ratio is presently 3.07%.

Analyst Ratings Changes

Several analysts have recently issued reports on JBL shares. UBS Group boosted their price target on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com cut shares of Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $153.17.

Hedge Funds Weigh In On Jabil

A number of hedge funds and other institutional investors have recently bought and sold shares of JBL. Pacer Advisors Inc. grew its stake in Jabil by 12,251.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,206,384 shares of the technology company’s stock worth $264,391,000 after buying an additional 2,188,521 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Jabil by 406.5% in the 3rd quarter. Two Sigma Advisers LP now owns 722,800 shares of the technology company’s stock worth $86,613,000 after acquiring an additional 580,100 shares during the last quarter. FMR LLC lifted its holdings in shares of Jabil by 11.3% in the 3rd quarter. FMR LLC now owns 5,116,308 shares of the technology company’s stock worth $613,087,000 after acquiring an additional 520,672 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Jabil by 595.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 343,137 shares of the technology company’s stock worth $41,118,000 after acquiring an additional 293,801 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC lifted its holdings in shares of Jabil by 29.0% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 574,938 shares of the technology company’s stock worth $68,895,000 after acquiring an additional 129,400 shares during the last quarter. Hedge funds and other institutional investors 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).