Mark T. Mondello Sells 20,000 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL - Get Free Report) Chairman Mark T. Mondello sold 20,000 shares of Jabil stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $131.56, for a total transaction of $2,631,200.00. Following the sale, the chairman now directly owns 1,730,192 shares in the company, valued at $227,624,059.52. The trade was a 1.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jabil Stock Performance

NYSE JBL traded up $1.10 on Friday, hitting $134.97. 1,016,031 shares of the company traded hands, compared to its average volume of 1,488,370. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 1.81. The business's 50 day moving average price is $142.95 and its 200-day moving average price is $141.38. The company has a market capitalization of $14.49 billion, a price-to-earnings ratio of 12.94, a P/E/G ratio of 1.65 and a beta of 1.12. Jabil Inc. has a 52-week low of $95.85 and a 52-week high of $174.80.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.11. The company had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm's revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. Equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Thursday, May 15th. Jabil's dividend payout ratio (DPR) is presently 7.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on JBL shares. JPMorgan Chase & Co. decreased their target price on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a research note on Thursday. UBS Group increased their price objective on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. StockNews.com lowered shares of Jabil from a "buy" rating to a "hold" rating in a research note on Friday. Barclays boosted their price objective on shares of Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price target on Jabil from $175.00 to $146.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $158.50.

Institutional Investors Weigh In On Jabil

Several large investors have recently made changes to their positions in the company. Barclays PLC raised its stake in Jabil by 33.5% during the third quarter. Barclays PLC now owns 327,969 shares of the technology company's stock valued at $39,300,000 after purchasing an additional 82,312 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of Jabil by 157.9% in the 3rd quarter. Virtu Financial LLC now owns 15,091 shares of the technology company's stock valued at $1,808,000 after acquiring an additional 9,239 shares during the last quarter. Te Ahumairangi Investment Management Ltd grew its position in Jabil by 365.6% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 20,767 shares of the technology company's stock worth $2,474,000 after acquiring an additional 16,307 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Jabil during the third quarter worth approximately $347,000. Finally, Synovus Financial Corp raised its position in Jabil by 92.8% during the third quarter. Synovus Financial Corp now owns 18,056 shares of the technology company's stock valued at $2,164,000 after purchasing an additional 8,693 shares during the period. 93.39% of the stock is owned by 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).