Matthew Crowley Sells 1,380 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) EVP Matthew Crowley sold 1,380 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $125.83, for a total transaction of $173,645.40. Following the completion of the transaction, the executive vice president now directly owns 18,568 shares of the company’s stock, valued at $2,336,411.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jabil Price Performance

Jabil stock opened at $126.30 on Friday. The business’s fifty day moving average is $112.30 and its two-hundred day moving average is $115.42. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.72 and a current ratio of 1.09. The firm has a market cap of $14.33 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.46 and a beta of 1.25. Jabil Inc. has a 52 week low of $95.85 and a 52 week high of $156.94.

Jabil (NYSE:JBL) last issued its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. The business had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.34 EPS. Equities research analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors 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 of this dividend is Friday, November 15th. Jabil’s dividend payout ratio is currently 2.91%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Benjamin Edwards Inc. bought a new stake in shares of Jabil during the first quarter worth $25,000. ORG Partners LLC bought a new stake in Jabil during the 1st quarter worth about $29,000. Riverview Trust Co bought a new stake in Jabil during the 1st quarter worth about $33,000. HHM Wealth Advisors LLC acquired a new position in Jabil during the 2nd quarter valued at about $28,000. Finally, Innealta Capital LLC bought a new position in shares of Jabil in the 2nd quarter valued at about $31,000. Institutional investors own 93.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JBL. JPMorgan Chase & Co. dropped their target price on Jabil from $137.00 to $133.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Bank of America increased their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus boosted their target price on shares of Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays increased their target price on shares of Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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).