Jabil, Inc. (NYSE:JBL – Get Free Report) EVP Matthew Crowley sold 3,877 shares of the business’s stock in a transaction dated Tuesday, October 21st. The stock was sold at an average price of $202.59, for a total value of $785,441.43. Following the sale, the executive vice president directly owned 58,736 shares of the company’s stock, valued at $11,899,326.24. This represents a 6.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Matthew Crowley also recently made the following trade(s):
- On Monday, October 20th, Matthew Crowley sold 2,656 shares of Jabil stock. The stock was sold at an average price of $210.31, for a total value of $558,583.36.
Jabil Price Performance
Jabil stock opened at $206.46 on Friday. The firm has a market capitalization of $22.06 billion, a P/E ratio of 34.64, a PEG ratio of 1.41 and a beta of 1.26. Jabil, Inc. has a 1 year low of $108.66 and a 1 year high of $237.14. The business has a 50-day moving average of $210.14 and a 200-day moving average of $193.23. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 1.57.
Jabil Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Monday, November 17th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, November 17th. Jabil’s payout ratio is presently 5.37%.
Hedge Funds Weigh In On Jabil
A number of large investors have recently bought and sold shares of JBL. GFG Capital LLC acquired a new position in Jabil during the 2nd quarter worth approximately $26,000. Creative Financial Designs Inc. ADV acquired a new position in Jabil during the 1st quarter worth approximately $27,000. True Wealth Design LLC boosted its position in Jabil by 250.0% during the 3rd quarter. True Wealth Design LLC now owns 140 shares of the technology company’s stock worth $30,000 after acquiring an additional 100 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Jabil during the 2nd quarter worth approximately $33,000. Finally, Groupe la Francaise raised its stake in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company’s stock worth $34,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 93.39% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on JBL. Weiss Ratings restated a “hold (c)” rating on shares of Jabil in a research report on Tuesday, October 14th. Raymond James Financial set a $260.00 price objective on Jabil in a research report on Thursday, September 25th. UBS Group set a $241.00 price objective on Jabil in a research report on Sunday, September 28th. Wall Street Zen upgraded Jabil from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Zacks Research lowered Jabil from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.43.
Check Out Our Latest Analysis on Jabil
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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