Jabil Inc. (NYSE:JBL) Director Sells $551,718.00 in Stock

Jabil Inc. (NYSE:JBL - Get Free Report) Director Christopher S. Holland sold 3,400 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $162.27, for a total transaction of $551,718.00. Following the completion of the transaction, the director now directly owns 12,900 shares of the company's stock, valued at approximately $2,093,283. This represents a 20.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jabil Trading Up 1.2 %

Shares of Jabil stock traded up $2.03 on Thursday, hitting $165.65. The stock had a trading volume of 1,002,672 shares, compared to its average volume of 1,414,003. The stock has a market cap of $18.09 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.61 and a beta of 1.23. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. The stock's 50-day simple moving average is $149.39 and its two-hundred day simple moving average is $127.96.

Jabil (NYSE:JBL - Get Free Report) last posted its earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The company had revenue of $6.99 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the prior year, the business posted $2.60 earnings per share. Jabil's revenue for the quarter was down 16.6% on a year-over-year basis. As a group, sell-side analysts predict that Jabil Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.19%. Jabil's dividend payout ratio (DPR) is presently 3.07%.

Institutional Trading of Jabil

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Jabil in the 4th quarter worth about $27,000. Capital Performance Advisors LLP bought a new position in Jabil in the third quarter worth about $32,000. Brooklyn Investment Group purchased a new stake in Jabil in the third quarter worth about $39,000. First Horizon Advisors Inc. boosted its position in Jabil by 90.3% during the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company's stock valued at $39,000 after acquiring an additional 130 shares in the last quarter. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Jabil during the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JBL shares. The Goldman Sachs Group increased their target price on Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. UBS Group raised their price objective on Jabil from $128.00 to $152.00 and gave the company a "neutral" rating in a report on Thursday, December 19th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $160.00 target price (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. StockNews.com downgraded shares of Jabil from a "buy" rating to a "hold" rating in a research note on Wednesday, January 29th. Finally, Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a report on Friday, December 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Jabil presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

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).