Insider Selling: Jabil Inc (NYSE:JBL) CEO Sells 3,500 Shares of Stock

Jabil Inc (NYSE:JBL) CEO Alessandro Parimbelli sold 3,500 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $30.78, for a total transaction of $107,730.00. Following the sale, the chief executive officer now directly owns 317,292 shares of the company’s stock, valued at $9,766,247.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alessandro Parimbelli also recently made the following trade(s):

  • On Monday, July 1st, Alessandro Parimbelli sold 3,500 shares of Jabil stock. The stock was sold at an average price of $31.89, for a total transaction of $111,615.00.
  • On Thursday, April 11th, Alessandro Parimbelli sold 3,500 shares of Jabil stock. The stock was sold at an average price of $29.70, for a total transaction of $103,950.00.
  • On Monday, April 8th, Alessandro Parimbelli sold 17,000 shares of Jabil stock. The stock was sold at an average price of $29.22, for a total transaction of $496,740.00.

JBL stock traded down $0.06 during mid-day trading on Thursday, reaching $30.36. 927,828 shares of the company traded hands, compared to its average volume of 1,329,102. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $4.62 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.18 and a beta of 0.97. Jabil Inc has a 52-week low of $21.49 and a 52-week high of $32.24. The company has a fifty day moving average price of $28.93.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Tuesday, June 18th. The technology company reported $0.57 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. Jabil had a return on equity of 18.57% and a net margin of 0.72%. The firm had revenue of $6.14 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. Analysts expect that Jabil Inc will post 2.16 earnings per share for the current fiscal year.

JBL has been the topic of several research analyst reports. Zacks Investment Research lowered shares of CGI from a “buy” rating to a “hold” rating in a research report on Wednesday, June 19th. Raymond James reissued a “sell” rating and issued a $0.25 target price on shares of Bellatrix Exploration in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.33.

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. Norges Bank acquired a new position in Jabil in the 4th quarter valued at $46,681,000. FMR LLC lifted its position in Jabil by 38.7% in the 1st quarter. FMR LLC now owns 6,368,324 shares of the technology company’s stock worth $169,335,000 after buying an additional 1,775,742 shares during the last quarter. Millennium Management LLC lifted its position in Jabil by 529.6% in the 4th quarter. Millennium Management LLC now owns 1,858,462 shares of the technology company’s stock worth $46,071,000 after buying an additional 1,563,273 shares during the last quarter. Pzena Investment Management LLC lifted its position in Jabil by 158.9% in the 4th quarter. Pzena Investment Management LLC now owns 1,845,653 shares of the technology company’s stock worth $45,754,000 after buying an additional 1,132,895 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Jabil by 133.8% in the 4th quarter. Deutsche Bank AG now owns 669,415 shares of the technology company’s stock worth $16,592,000 after buying an additional 383,074 shares during the last quarter. Institutional investors and hedge funds own 89.42% of the company’s stock.

Jabil Company Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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