Jabil, Inc. (NYSE:JBL) EVP Andrew Priestley Sells 13,913 Shares

Jabil, Inc. (NYSE:JBL) EVP Andrew Priestley sold 13,913 shares of Jabil stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $203.17, for a total value of $2,826,704.21. Following the transaction, the executive vice president now owns 53,528 shares in the company, valued at approximately $10,875,283.76. The trade was a 20.63% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jabil Price Performance

JBL stock opened at $205.72 on Friday. The business has a fifty day moving average of $162.20 and a two-hundred day moving average of $152.96. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. The stock has a market cap of $22.08 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Jabil, Inc. has a 52-week low of $95.85 and a 52-week high of $208.69.

Jabil (NYSE:JBL) last issued its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. As a group, research analysts anticipate that Jabil, Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.16%. Jabil’s payout ratio is presently 6.21%.

Analyst Ratings Changes

A number of brokerages recently commented on JBL. Wall Street Zen upgraded Jabil from a “hold” rating to a “buy” rating in a research report on Monday, May 19th. Argus raised Jabil from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their target price on Jabil from $180.00 to $214.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group raised their target price on Jabil from $157.00 to $208.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a research note on Wednesday. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $213.57.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently modified their holdings of the company. Groupe la Francaise grew its stake in shares of Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock valued at $34,000 after buying an additional 64 shares in the last quarter. Keeley Teton Advisors LLC grew its stake in shares of Jabil by 0.3% in the first quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company’s stock valued at $3,456,000 after buying an additional 64 shares in the last quarter. Cordatus Wealth Management LLC grew its stake in shares of Jabil by 2.9% in the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company’s stock valued at $330,000 after buying an additional 68 shares in the last quarter. AlphaCore Capital LLC grew its stake in shares of Jabil by 2.4% in the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company’s stock valued at $436,000 after buying an additional 76 shares in the last quarter. Finally, UniSuper Management Pty Ltd grew its stake in shares of Jabil by 0.3% in the first quarter. UniSuper Management Pty Ltd now owns 30,797 shares of the technology company’s stock valued at $4,191,000 after buying an additional 81 shares in the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

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).