Jabil (NYSE:JBL) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of Jabil (NYSE:JBL) from a buy rating to a hold rating in a research note issued to investors on Friday.

JBL has been the topic of a number of other reports. Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group decreased their target price on Jabil from $175.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. UBS Group lifted their target price on Jabil from $152.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Barclays increased their price target on shares of Jabil from $179.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.50.

Jabil Stock Performance

NYSE JBL opened at $134.97 on Friday. The stock has a market cap of $14.49 billion, a PE ratio of 12.94, a P/E/G ratio of 1.65 and a beta of 1.12. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil has a twelve month low of $95.85 and a twelve month high of $174.80. The stock has a fifty day simple moving average of $142.95 and a 200-day simple moving average of $141.38.

Jabil (NYSE:JBL) last posted its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. Jabil’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. Equities analysts anticipate that Jabil will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.24%. The ex-dividend date is Thursday, May 15th. Jabil’s dividend payout ratio (DPR) is presently 7.66%.

Insider Buying and Selling at Jabil

In other Jabil news, Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $131.56, for a total value of $2,631,200.00. Following the transaction, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher S. Holland sold 3,400 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. This represents a 20.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,400 shares of company stock valued at $11,810,418. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Jabil

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meyer Handelman Co. acquired a new stake in shares of Jabil during the fourth quarter worth about $7,334,000. Davis Investment Partners LLC purchased a new position in Jabil during the 4th quarter worth approximately $1,433,000. Truist Financial Corp increased its position in Jabil by 50.4% during the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company’s stock worth $1,732,000 after buying an additional 4,034 shares during the period. Merit Financial Group LLC purchased a new stake in Jabil in the fourth quarter valued at approximately $235,000. Finally, Keybank National Association OH acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $214,000. 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).