Jabil Inc. (NYSE:JBL) Director Sells $2,494,000.00 in Stock

Jabil Inc. (NYSE:JBL) Director Steven A. Raymund sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total value of $2,494,000.00. Following the sale, the director now directly owns 139,108 shares in the company, valued at approximately $17,346,767.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jabil Trading Down 0.7 %

NYSE:JBL opened at $123.98 on Thursday. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $156.94. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.46 and a beta of 1.25. The business has a fifty day moving average of $115.28 and a 200-day moving average of $114.70. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter in the prior year, the business posted $2.34 earnings per share. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities analysts predict that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.26%. Jabil’s payout ratio is 2.90%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on JBL. Bank of America upped their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus upped their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lowered their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Finally, Barclays upped their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and a consensus price target of $143.50.

Institutional Trading of Jabil

Institutional investors have recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the second quarter valued at $28,000. ORG Partners LLC acquired a new stake in shares of Jabil in the first quarter valued at $29,000. Innealta Capital LLC acquired a new stake in shares of Jabil in the second quarter valued at $31,000. Family Firm Inc. acquired a new stake in shares of Jabil in the second quarter valued at $37,000. Finally, Matrix Trust Co lifted its holdings in shares of Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after buying an additional 214 shares during the period. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).