Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy Sells 4,283 Shares

Jabil Inc. (NYSE:JBL - Get Free Report) EVP Frederic E. Mccoy sold 4,283 shares of the company's stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $122.28, for a total transaction of $523,725.24. Following the completion of the transaction, the executive vice president now owns 142,472 shares in the company, valued at $17,421,476.16. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jabil Stock Performance

Shares of Jabil stock traded up $4.58 during trading on Friday, reaching $127.67. The company's stock had a trading volume of 1,374,655 shares, compared to its average volume of 1,166,329. The company has a 50-day moving average price of $115.99 and a two-hundred day moving average price of $114.72. Jabil Inc. has a fifty-two week low of $95.85 and a fifty-two week high of $156.94. The firm has a market cap of $14.41 billion, a PE ratio of 11.59, a P/E/G ratio of 1.45 and a beta of 1.24. 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 (NYSE:JBL - Get Free Report) last announced its earnings results on Thursday, September 26th. The technology company reported $2.30 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 business 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 revenue was down 17.7% compared to the same quarter last year. On average, analysts forecast that Jabil Inc. will post 7.84 EPS for the current year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date is Friday, November 15th. Jabil's payout ratio is currently 2.90%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JBL. Point72 Asset Management L.P. purchased a new stake in shares of Jabil during the second quarter worth about $78,660,000. AQR Capital Management LLC grew its stake in Jabil by 195.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,060,799 shares of the technology company's stock valued at $115,404,000 after purchasing an additional 702,199 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Jabil by 29.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,383,062 shares of the technology company's stock worth $150,463,000 after purchasing an additional 310,590 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in Jabil during the 1st quarter worth approximately $39,040,000. Finally, Victory Capital Management Inc. raised its position in shares of Jabil by 72.0% in the 2nd quarter. Victory Capital Management Inc. now owns 490,499 shares of the technology company's stock valued at $53,361,000 after purchasing an additional 205,331 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBL has been the topic of several recent research reports. Stifel Nicolaus upped 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. Bank of America lifted their price objective on Jabil from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Barclays upped their target price on Jabil from $135.00 to $157.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Jabil from $137.00 to $133.00 and set an "overweight" rating on the stock in a research report on Tuesday, September 3rd. 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, Jabil has an average rating of "Moderate Buy" and an average target price of $143.50.

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).