Jabil Inc. (NYSE:JBL) EVP Matthew Crowley Sells 1,380 Shares

Jabil Inc. (NYSE:JBL) EVP Matthew Crowley sold 1,380 shares of Jabil stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at approximately $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Jabil Trading Up 0.3 %

NYSE JBL opened at $126.29 on Friday. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The business’s fifty day moving average is $112.30 and its 200 day moving average is $115.55.

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

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $0.08 dividend. 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 dividend payout ratio is currently 2.91%.

Institutional Trading of Jabil

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Benjamin Edwards Inc. acquired a new position in Jabil in the first quarter valued at $25,000. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the 2nd quarter worth about $28,000. ORG Partners LLC acquired a new position in shares of Jabil in the 1st quarter valued at about $29,000. Innealta Capital LLC bought a new stake in shares of Jabil during the 2nd quarter valued at about $31,000. Finally, Riverview Trust Co bought a new stake in shares of Jabil during the 1st quarter valued at about $33,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

JBL has been the subject of several analyst reports. 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 report on Tuesday, September 3rd. Barclays upped their price objective on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Bank of America raised their target price on shares of Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a report on Friday, September 27th. UBS Group cut their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Friday, June 21st. Finally, Stifel Nicolaus lifted their price objective on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.50.

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).