Insider Selling: Jabil Inc. (NYSE:JBL) Chairman Sells $2,631,200.00 in Stock

Jabil Inc. (NYSE:JBL) Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the completion of the transaction, the chairman now directly owns 1,730,192 shares of the company’s stock, valued at $227,624,059.52. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jabil Trading Up 0.8 %

NYSE JBL opened at $134.97 on Friday. The firm has a market capitalization of $14.49 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. The business’s 50-day moving average price is $143.60 and its two-hundred day moving average price is $141.28. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $174.80.

Jabil (NYSE:JBL) last announced its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts’ expectations of $6.40 billion. Jabil had a return on equity of 41.87% and a net margin of 4.71%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.68 earnings per share. On average, analysts expect that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Thursday, May 15th. Jabil’s dividend payout ratio is presently 7.66%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JBL shares. JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $175.00 to $154.00 and set an “overweight” rating for the company in a research note on Thursday. Barclays increased their price target on Jabil from $179.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 21st. UBS Group boosted their price objective on Jabil from $152.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. The Goldman Sachs Group dropped their target price on Jabil from $175.00 to $146.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Stifel Nicolaus restated a “buy” rating and set a $160.00 price target (up from $150.00) on shares of Jabil in a report on Thursday, December 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.50.

Hedge Funds Weigh In On Jabil

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Jabil during the 4th quarter worth about $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil during the fourth quarter worth approximately $29,000. Harbor Capital Advisors Inc. increased its holdings in Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Jabil in the fourth quarter valued at approximately $37,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock worth $39,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.

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).