Francis Mckay Sells 3,395 Shares of Jabil, Inc. (NYSE:JBL) Stock

Jabil, Inc. (NYSE:JBL) SVP Francis Mckay sold 3,395 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $205.48, for a total value of $697,604.60. Following the sale, the senior vice president now owns 38,112 shares in the company, valued at $7,831,253.76. The trade was a 8.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jabil Stock Up 0.5%

JBL stock opened at $205.72 on Friday. 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 business has a 50 day moving average price of $162.20 and a two-hundred day moving average price of $153.07. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 1.99 and a beta of 1.14. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $208.69.

Jabil (NYSE:JBL) last posted its quarterly earnings results 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. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. Analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.08 per share. 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 6.21%.

Institutional Trading of Jabil

Several institutional investors and hedge funds have recently modified their holdings of the business. Voya Investment Management LLC lifted its position in shares of Jabil by 29.1% during the 1st quarter. Voya Investment Management LLC now owns 142,173 shares of the technology company’s stock worth $19,345,000 after buying an additional 32,070 shares during the last quarter. First Hawaiian Bank lifted its position in shares of Jabil by 47.9% during the 1st quarter. First Hawaiian Bank now owns 10,647 shares of the technology company’s stock worth $1,449,000 after buying an additional 3,447 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Jabil by 52.0% during the 1st quarter. Inspire Investing LLC now owns 17,743 shares of the technology company’s stock worth $2,414,000 after buying an additional 6,072 shares during the last quarter. Invst LLC bought a new stake in shares of Jabil during the 1st quarter worth $630,000. Finally, Modern Wealth Management LLC lifted its position in shares of Jabil by 21.1% during the 1st quarter. Modern Wealth Management LLC now owns 1,762 shares of the technology company’s stock worth $240,000 after buying an additional 307 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on JBL. JPMorgan Chase & Co. raised their price target on Jabil from $180.00 to $214.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays raised their price target on Jabil from $206.00 to $223.00 and gave the company an “overweight” rating in a report on Tuesday, June 17th. The Goldman Sachs Group raised their price target on Jabil from $188.00 to $215.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group raised their price target on Jabil from $157.00 to $208.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Wall Street Zen upgraded Jabil from a “hold” rating to a “buy” rating in a report on Monday, May 19th. 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 MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $213.57.

About Jabil

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).