Insider Selling: Jabil Inc. (NYSE:JBL) Director Sells 20,000 Shares of Stock

Jabil Inc. (NYSE:JBL) Director Steven A. Raymund sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $151.30, for a total value of $3,026,000.00. Following the completion of the transaction, the director now owns 119,108 shares in the company, valued at $18,021,040.40. The trade was a 14.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jabil Stock Performance

JBL stock traded up $2.39 during midday trading on Tuesday, reaching $155.90. 1,266,832 shares of the company’s stock traded hands, compared to its average volume of 1,330,479. The company has a 50-day moving average price of $138.75 and a two-hundred day moving average price of $121.92. 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 Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The firm has a market capitalization of $17.41 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23.

Jabil (NYSE:JBL) last issued its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The business had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the previous year, the firm posted $2.60 EPS. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. Jabil’s dividend payout ratio (DPR) is currently 3.07%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on JBL shares. The Goldman Sachs Group boosted their target price on Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com downgraded Jabil from a “buy” rating to a “hold” rating in a research note on Monday. Barclays lifted their price target on shares of Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a report on Friday, December 20th. Bank of America lifted their price target on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, UBS Group lifted their price target on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.17.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Meyer Handelman Co. purchased a new position in shares of Jabil during the 4th quarter valued at $7,334,000. Radnor Capital Management LLC grew its position in shares of Jabil by 31.0% during the 4th quarter. Radnor Capital Management LLC now owns 3,669 shares of the technology company’s stock valued at $528,000 after purchasing an additional 869 shares in the last quarter. Park Avenue Securities LLC grew its position in shares of Jabil by 127.5% during the 4th quarter. Park Avenue Securities LLC now owns 5,595 shares of the technology company’s stock valued at $805,000 after purchasing an additional 3,136 shares in the last quarter. Kathmere Capital Management LLC grew its position in shares of Jabil by 7.0% during the 4th quarter. Kathmere Capital Management LLC now owns 3,393 shares of the technology company’s stock valued at $488,000 after purchasing an additional 221 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Jabil by 1.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 159,058 shares of the technology company’s stock valued at $22,888,000 after purchasing an additional 1,743 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).