Jabil Inc. (NYSE:JBL) Director Sells $551,718.00 in Stock

Jabil Inc. (NYSE:JBL) Director Christopher S. Holland sold 3,400 shares of Jabil stock in a transaction on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares in the company, valued at $2,093,283. This represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jabil Stock Performance

NYSE:JBL traded down $2.98 during mid-day trading on Monday, hitting $159.43. The company’s stock had a trading volume of 1,421,641 shares, compared to its average volume of 1,472,249. Jabil Inc. has a 1 year low of $95.85 and a 1 year 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 stock has a market cap of $17.41 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.61 and a beta of 1.23. The business’s fifty day moving average is $147.70 and its two-hundred day moving average is $127.02.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share 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 the consensus estimate of $6.61 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The company’s revenue was down 16.6% compared to the same quarter last year. Analysts anticipate that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Czech National Bank grew its holdings in shares of Jabil by 0.6% during the third quarter. Czech National Bank now owns 23,109 shares of the technology company’s stock worth $2,769,000 after buying an additional 128 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Jabil by 8.3% in the third quarter. Park Avenue Securities LLC now owns 2,459 shares of the technology company’s stock valued at $295,000 after purchasing an additional 188 shares during the period. Handelsbanken Fonder AB lifted its position in Jabil by 24.1% in the third quarter. Handelsbanken Fonder AB now owns 32,448 shares of the technology company’s stock valued at $3,888,000 after buying an additional 6,300 shares during the last quarter. GAMMA Investing LLC lifted its position in Jabil by 105.0% in the third quarter. GAMMA Investing LLC now owns 1,634 shares of the technology company’s stock valued at $196,000 after buying an additional 837 shares during the last quarter. Finally, McLean Asset Management Corp acquired a new position in Jabil in the third quarter valued at about $206,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. 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 report on Wednesday, December 18th. Barclays boosted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group boosted their price objective on shares of Jabil from $128.00 to $152.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, January 29th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $160.00 price objective (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $153.17.

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).