Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy Sells 4,000 Shares

Jabil Inc. (NYSE:JBL - Get Free Report) EVP Frederic E. Mccoy sold 4,000 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $149.81, for a total value of $599,240.00. Following the completion of the sale, the executive vice president now directly owns 138,472 shares of the company's stock, valued at approximately $20,744,490.32. This trade represents a 2.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Jabil Stock Performance

NYSE:JBL traded up $0.88 during mid-day trading on Tuesday, hitting $152.90. 1,613,123 shares of the company's stock traded hands, compared to its average volume of 1,471,756. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.58 and a beta of 1.23. The firm has a 50 day moving average of $135.92 and a two-hundred day moving average of $120.45. The company has a current ratio of 1.09, a quick ratio of 0.72 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. The company had revenue of $6.99 billion during the quarter, compared to analysts' expectations of $6.61 billion. Jabil had a return on equity of 42.64% and a net margin of 4.81%. Jabil's revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.60 earnings per share. On average, equities analysts forecast that Jabil Inc. will post 7.89 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th were given a $0.08 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.21%. Jabil's dividend payout ratio is currently 3.07%.

Institutional Trading of Jabil

A number of institutional investors and hedge funds have recently modified their holdings of the company. HHM Wealth Advisors LLC bought a new position in shares of Jabil during the 2nd quarter worth about $28,000. Capital Performance Advisors LLP bought a new position in Jabil during the third quarter worth about $32,000. Brooklyn Investment Group acquired a new stake in Jabil in the 3rd quarter valued at $39,000. Matrix Trust Co grew its position in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company's stock valued at $45,000 after acquiring an additional 214 shares during the period. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company's stock valued at $51,000 after acquiring an additional 228 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JBL shares. StockNews.com cut Jabil from a "strong-buy" rating to a "buy" rating in a research note on Thursday, December 19th. UBS Group increased their target price on shares of Jabil from $128.00 to $152.00 and gave the stock a "neutral" rating in a research report on Thursday, December 19th. The Goldman Sachs Group boosted their price target on shares of Jabil from $136.00 to $145.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Stifel Nicolaus restated a "buy" rating and set a $160.00 price target (up previously from $150.00) on shares of Jabil in a research note on Thursday, December 19th. Finally, Barclays lifted their price objective on shares of Jabil from $157.00 to $179.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.17.

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).

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