Insider Selling: Jabil Inc. (NYSE:JBL) EVP Sells 2,271 Shares of Stock

Jabil Inc. (NYSE:JBL) EVP Matthew Crowley sold 2,271 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $123.54, for a total value of $280,559.34. Following the completion of the sale, the executive vice president now owns 15,564 shares in the company, valued at approximately $1,922,776.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Matthew Crowley also recently made the following trade(s):

• On Friday, October 18th, Matthew Crowley sold 1,380 shares of Jabil stock. The stock was sold at an average price of $125.83, for a total value of $173,645.40.

Jabil Stock Performance

Shares of NYSE JBL opened at $125.03 on Friday. The company has a 50-day simple moving average of $113.90 and a 200-day simple moving average of $115.19. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.72. The company has a market cap of $14.18 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL) last released its earnings results on Thursday, September 26th. The technology company reported $2.30 EPS for the quarter, topping the consensus estimate of $2.22 by $0.08. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm had revenue of $6.96 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same period in the previous year, the company earned $2.34 EPS. Jabil’s revenue for the quarter was down 17.7% on a year-over-year basis. On average, equities analysts anticipate that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a yield of 0.26%. Jabil’s dividend payout ratio (DPR) is presently 2.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Bank of America lifted their target price on shares of Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Barclays increased their price target on shares of Jabil from $135.00 to $157.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Stifel Nicolaus lifted their price objective on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $143.50.

Institutional Trading of Jabil

A number of hedge funds have recently added to or reduced their stakes in JBL. HHM Wealth Advisors LLC purchased a new position in shares of Jabil during the 2nd quarter worth about $28,000. ORG Partners LLC acquired a new position in Jabil during the first quarter worth approximately $29,000. Innealta Capital LLC purchased a new position in Jabil during the second quarter worth approximately $31,000. Riverview Trust Co acquired a new position in shares of Jabil in the 1st quarter valued at $33,000. Finally, Family Firm Inc. purchased a new stake in shares of Jabil during the 2nd quarter valued at $37,000. 93.39% of the stock is owned by institutional investors and hedge funds.

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).