Jabil Inc. (NYSE:JBL) EVP Sells $173,645.40 in Stock

Jabil Inc. (NYSE:JBL) EVP Matthew Crowley sold 1,380 shares of the firm’s stock in a transaction on Friday, October 18th. The stock was 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 $2,336,411.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Jabil Price Performance

Shares of NYSE:JBL opened at $126.29 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. The stock has a market cap of $14.33 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The stock’s fifty day simple moving average is $112.30 and its two-hundred day simple moving average is $115.55. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94.

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

Jabil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.25%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Institutional Investors Weigh In On Jabil

Large investors have recently made changes to their positions in the business. Cetera Investment Advisers grew its position in Jabil by 141.7% during the first quarter. Cetera Investment Advisers now owns 17,350 shares of the technology company’s stock valued at $2,324,000 after buying an additional 10,173 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Jabil by 30.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after acquiring an additional 76,573 shares during the period. Tobam bought a new position in shares of Jabil during the 1st quarter valued at approximately $1,692,000. BNP Paribas Financial Markets increased its stake in shares of Jabil by 222.8% during the 1st quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock worth $17,728,000 after purchasing an additional 91,347 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Jabil by 239.2% in the 1st quarter. CreativeOne Wealth LLC now owns 10,116 shares of the technology company’s stock worth $1,355,000 after purchasing an additional 7,134 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. UBS Group decreased their price target on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating for the company in a research note on Friday, June 21st. Stifel Nicolaus raised 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. Finally, Barclays boosted their target price 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. Two equities research 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 currently has an average rating of “Moderate Buy” and an average target price 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).