Insider Selling: Jabil Inc (NYSE:JBL) CFO Sells 18,486 Shares of Stock

Jabil Inc (NYSE:JBL) CFO Michael Dastoor sold 18,486 shares of Jabil stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $39.43, for a total value of $728,902.98. Following the sale, the chief financial officer now directly owns 204,702 shares in the company, valued at $8,071,399.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michael Dastoor also recently made the following trade(s):

  • On Tuesday, September 24th, Michael Dastoor sold 20,000 shares of Jabil stock. The stock was sold at an average price of $33.19, for a total value of $663,800.00.

NYSE JBL traded down $0.01 during trading on Tuesday, reaching $39.58. 4,778 shares of the company traded hands, compared to its average volume of 1,327,107. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.62 and a current ratio of 0.98. The stock’s 50 day moving average price is $36.19 and its two-hundred day moving average price is $30.84. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 21.87, a P/E/G ratio of 1.32 and a beta of 0.97. Jabil Inc has a 1-year low of $21.49 and a 1-year high of $39.70.

Jabil (NYSE:JBL) last released its quarterly earnings data on Tuesday, September 24th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The company had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $6.63 billion. Jabil had a return on equity of 15.90% and a net margin of 1.14%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.70 earnings per share. Equities research analysts expect that Jabil Inc will post 2.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, November 14th. Jabil’s payout ratio is 17.68%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Catalyst Capital Advisors LLC acquired a new position in shares of Jabil in the 3rd quarter valued at $787,000. Massachusetts Financial Services Co. MA raised its stake in Jabil by 12.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 86,173 shares of the technology company’s stock worth $3,083,000 after buying an additional 9,592 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Jabil by 78.9% during the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the technology company’s stock worth $108,000 after buying an additional 1,326 shares during the last quarter. First Trust Advisors LP raised its stake in Jabil by 75.8% during the third quarter. First Trust Advisors LP now owns 1,274,169 shares of the technology company’s stock worth $45,577,000 after buying an additional 549,272 shares during the last quarter. Finally, Mackay Shields LLC raised its stake in Jabil by 32.9% during the third quarter. Mackay Shields LLC now owns 669,039 shares of the technology company’s stock worth $23,931,000 after buying an additional 165,719 shares during the last quarter. 89.09% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on JBL shares. Citigroup lifted their target price on Jabil from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Standpoint Research downgraded Jabil from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Argus lifted their target price on Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on Jabil from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Bank of America lifted their target price on Jabil from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Jabil currently has a consensus rating of “Hold” and a consensus price target of $35.75.

Jabil Company Profile

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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Insider Buying and Selling by Quarter for Jabil (NYSE:JBL)

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