Jabil Inc. (NYSE:JBL) Short Interest Update

Jabil Inc. (NYSE:JBL) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 2,910,000 shares, a growth of 5.4% from the November 30th total of 2,760,000 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 1,380,000 shares, the days-to-cover ratio is currently 2.1 days.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research note on Thursday, December 19th. The Goldman Sachs Group upped their price target on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com lowered shares of Jabil from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Finally, UBS Group raised their price target on Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Two 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 presently has an average rating of “Moderate Buy” and an average target price of $153.17.

Jabil Stock Performance

NYSE JBL opened at $143.90 on Wednesday. The company’s 50 day simple moving average is $134.09 and its two-hundred day simple moving average is $119.75. The stock has a market capitalization of $16.07 billion, a PE ratio of 13.06, a P/E/G ratio of 1.58 and a beta of 1.25. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. Jabil has a 1 year low of $95.85 and a 1 year high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.12. Jabil had a return on equity of 42.64% and a net margin of 4.81%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter last year, the business posted $2.60 earnings per share. The firm’s revenue was down 16.6% compared to the same quarter last year. Analysts predict that Jabil will post 7.89 earnings per share for the current fiscal year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.22%. The ex-dividend date was Friday, November 15th. Jabil’s payout ratio is 3.07%.

Insider Buying and Selling at Jabil

In other news, Director Steven A. Raymund sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $124.70, for a total transaction of $2,494,000.00. Following the completion of the sale, the director now owns 139,108 shares in the company, valued at $17,346,767.60. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Francis Mckay sold 11,755 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at approximately $5,051,816.97. The trade was a 22.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,689 shares of company stock worth $4,902,631 in the last quarter. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jabil

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the 2nd quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in Jabil in the third quarter worth $32,000. Brooklyn Investment Group bought a new position in Jabil in the third quarter valued at $39,000. Matrix Trust Co raised its position in Jabil by 135.4% during the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock valued at $45,000 after purchasing an additional 214 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Jabil by 114.0% during the third 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. 93.39% of the stock is owned by hedge funds and other institutional investors.

Jabil Company Profile

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).