Francis Mckay Sells 11,755 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $121.71, for a total transaction of $1,430,701.05. Following the completion of the sale, the senior vice president now directly owns 41,507 shares of the company’s stock, valued at approximately $5,051,816.97. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jabil Trading Up 3.7 %

Shares of JBL stock opened at $127.67 on Monday. The stock’s fifty day moving average is $115.99 and its two-hundred day moving average is $114.60. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The firm has a market capitalization of $14.41 billion, a P/E ratio of 11.59, a PEG ratio of 1.45 and a beta of 1.24. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Thursday, September 26th. The technology company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. The company had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. Research analysts expect that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil’s dividend payout ratio is presently 2.90%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on JBL shares. Bank of America boosted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Barclays increased their price target on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Stifel Nicolaus upped their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average price target of $143.50.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently bought and sold shares of JBL. Wealth Enhancement Advisory Services LLC raised its holdings in Jabil by 4.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,514 shares of the technology company’s stock valued at $1,810,000 after buying an additional 561 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Jabil by 30.1% in 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 buying an additional 76,573 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Jabil by 10.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 2,044 shares of the technology company’s stock valued at $274,000 after buying an additional 198 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Jabil by 27.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,635 shares of the technology company’s stock valued at $487,000 after buying an additional 780 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Jabil by 222.8% in the 1st quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock valued at $17,728,000 after acquiring an additional 91,347 shares in the last quarter. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).