Jabil Inc. (NYSE:JBL) EVP Matthew Crowley Sells 1,380 Shares

Jabil Inc. (NYSE:JBL) EVP Matthew Crowley sold 1,380 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $125.83, for a total value of $173,645.40. Following the sale, the executive vice president now owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Jabil Stock Performance

JBL stock traded up $0.37 during mid-day trading on Friday, reaching $126.29. 1,108,659 shares of the stock traded hands, compared to its average volume of 1,475,977. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94. The business has a 50-day moving average of $112.30 and a two-hundred day moving average of $115.55. The firm has a market capitalization of $14.33 billion, a PE ratio of 11.49, a P/E/G ratio of 1.46 and a beta of 1.25.

Jabil (NYSE:JBL) last released its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the prior year, the company earned $2.34 earnings per share. The business’s quarterly revenue was down 17.7% compared to the same quarter last year. As a group, equities analysts predict that Jabil Inc. will post 7.84 EPS for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, November 15th. Jabil’s payout ratio is presently 2.91%.

Institutional Investors Weigh In On Jabil

Several hedge funds have recently made changes to their positions in the stock. Czech National Bank lifted its stake in shares of Jabil by 0.3% in the first quarter. Czech National Bank now owns 22,439 shares of the technology company’s stock valued at $3,006,000 after buying an additional 73 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of Jabil by 3.5% in the third quarter. Gateway Investment Advisers LLC now owns 3,139 shares of the technology company’s stock valued at $376,000 after buying an additional 105 shares during the period. GAMMA Investing LLC raised its position in Jabil by 15.3% in the second quarter. GAMMA Investing LLC now owns 797 shares of the technology company’s stock worth $87,000 after purchasing an additional 106 shares in the last quarter. M&R Capital Management Inc. raised its position in Jabil by 8.4% in the second quarter. M&R Capital Management Inc. now owns 1,380 shares of the technology company’s stock worth $150,000 after purchasing an additional 107 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Jabil by 1.0% in the first quarter. Gulf International Bank UK Ltd now owns 10,743 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 110 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Barclays increased their price objective on Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, UBS Group cut their target price on shares of Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research note on Friday, June 21st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $143.50.

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).