Insider Selling: Jabil Inc. (NYSE:JBL) EVP Sells $599,240.00 in Stock

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 4,000 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $149.81, for a total transaction of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares in the company, valued at approximately $20,744,490.32. This represents a 2.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Jabil Price Performance

JBL stock opened at $154.09 on Friday. The business has a 50 day simple moving average of $137.70 and a 200-day simple moving average of $121.20. The company has a market capitalization of $17.21 billion, a P/E ratio of 13.98, a PEG ratio of 1.58 and a beta of 1.23. Jabil Inc. has a twelve month low of $95.85 and a twelve month high of $156.94. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 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 company had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the business posted $2.60 earnings per share. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. As a group, equities analysts anticipate that Jabil Inc. will post 7.89 EPS for the current year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued 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 was Friday, November 15th. Jabil’s payout ratio is currently 3.07%.

Institutional Investors Weigh In On Jabil

Hedge funds have recently modified their holdings of the stock. HHM Wealth Advisors LLC acquired a new stake in shares of Jabil in the 2nd quarter worth $28,000. Capital Performance Advisors LLP purchased a new stake in Jabil in the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in Jabil during the 3rd quarter worth approximately $39,000. Matrix Trust Co raised its stake in shares of Jabil by 135.4% during the 3rd quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Jabil by 114.0% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock valued at $51,000 after buying an additional 228 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBL has been the topic of several recent analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a report on Thursday, December 19th. UBS Group raised their target price on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research report on Thursday, December 19th. Barclays upped their price target on Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a report on Friday, December 20th. Bank of America raised their price objective 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, The Goldman Sachs Group upped their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jabil presently has an average rating of “Moderate Buy” and an average 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).