Jabil Inc. (NYSE:JBL) Director Christopher S. Holland Sells 3,400 Shares of Stock

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

Jabil Stock Performance

Shares of NYSE:JBL opened at $159.43 on Tuesday. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $174.80. The firm has a market cap of $17.41 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.61 and a beta of 1.23. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.72 and a current ratio of 1.06. The business has a fifty day moving average of $148.20 and a 200-day moving average of $127.35.

Jabil (NYSE:JBL) last announced its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period last year, the company posted $2.60 earnings per share. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. On average, equities research analysts predict that Jabil Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.20%. The ex-dividend date is Tuesday, February 18th. Jabil’s dividend payout ratio is 3.07%.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP bought a new position in Jabil in the third quarter valued at about $32,000. Brooklyn Investment Group bought a new position in Jabil in the third quarter valued at about $39,000. First Horizon Advisors Inc. boosted its holdings in Jabil by 90.3% in the fourth quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after acquiring an additional 130 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Jabil in the fourth quarter valued at about $43,000. Finally, Matrix Trust Co boosted its holdings in 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 acquiring an additional 214 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JBL. Stifel Nicolaus restated a “buy” rating and issued a $160.00 target price (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group increased their price objective 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 lowered Jabil from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. UBS Group increased their price objective on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Finally, Barclays increased their price objective on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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).