Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy Sells 4,000 Shares

Jabil Inc. (NYSE:JBLGet Free Report) EVP Frederic E. Mccoy sold 4,000 shares of Jabil stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the transaction, the executive vice president now directly owns 138,472 shares in the company, valued at $20,744,490.32. This represents a 2.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jabil Stock Performance

Shares of Jabil stock opened at $152.90 on Wednesday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market cap of $17.08 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The business has a fifty day simple moving average of $136.48 and a 200-day simple moving average of $120.73.

Jabil (NYSE:JBLGet Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.88 by $0.12. The business had revenue of $6.99 billion during the quarter, compared to analysts’ expectations of $6.61 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the company posted $2.60 earnings per share. On average, sell-side analysts anticipate that Jabil Inc. will post 7.89 EPS for the current fiscal year.

Jabil Dividend Announcement

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

Institutional Trading of Jabil

Institutional investors have recently bought and sold shares of the company. HHM Wealth Advisors LLC acquired a new position in Jabil in the 2nd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in Jabil during the third quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new stake in Jabil in the third quarter valued at approximately $39,000. Matrix Trust Co grew its position in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after acquiring an additional 214 shares in the last quarter. Finally, Armstrong Advisory Group Inc. increased its stake in shares of Jabil by 114.0% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on JBL shares. UBS Group raised their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. The Goldman Sachs Group raised 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. Barclays boosted their target price on Jabil from $157.00 to $179.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. Bank of America increased their price target on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com cut Jabil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Read Our Latest Research Report on JBL

Jabil Company Profile

(Get Free Report)

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).

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