Jabil Inc. (NYSE:JBL) Director John C. Plant Sells 50,000 Shares

Jabil Inc. (NYSE:JBL) Director John C. Plant sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $172.55, for a total value of $8,627,500.00. Following the sale, the director now owns 5,900 shares in the company, valued at approximately $1,018,045. This trade represents a 89.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jabil Trading Down 8.1 %

JBL traded down $14.09 on Monday, reaching $159.24. 3,052,088 shares of the company traded hands, compared to its average volume of 1,523,290. The company has a market cap of $17.39 billion, a P/E ratio of 15.27, a price-to-earnings-growth ratio of 1.68 and a beta of 1.23. The company has a quick ratio of 0.72, a current ratio of 1.06 and a debt-to-equity ratio of 1.81. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The firm has a fifty day simple moving average of $144.48 and a two-hundred day simple moving average of $125.41.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.12. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The firm had revenue of $6.99 billion during the quarter, compared to the consensus estimate of $6.61 billion. During the same quarter in the previous year, the firm posted $2.60 earnings per share. The company’s revenue was down 16.6% on a year-over-year basis. As a group, equities research analysts expect that Jabil Inc. will post 8.03 earnings per share for the current year.

Jabil Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Jabil’s payout ratio is 3.07%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JBL shares. StockNews.com upgraded Jabil from a “hold” rating to a “buy” rating in a report on Tuesday, January 21st. Barclays increased their target price on shares of Jabil from $157.00 to $179.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. The Goldman Sachs Group lifted their price target on shares of Jabil from $136.00 to $145.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, UBS Group raised their price objective on shares of Jabil from $128.00 to $152.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jabil has an average rating of “Moderate Buy” and an average price target of $153.17.

Institutional Trading of Jabil

A number of hedge funds have recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP purchased a new position in Jabil during the 3rd quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of Jabil during the third quarter valued at approximately $39,000. GHP Investment Advisors Inc. purchased a new position in Jabil during the fourth quarter valued at approximately $43,000. Matrix Trust Co raised its stake in Jabil by 135.4% in the third quarter. Matrix Trust Co now owns 372 shares of the technology company’s stock worth $45,000 after buying an additional 214 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in Jabil by 114.0% during the third quarter. Armstrong Advisory Group Inc. now owns 428 shares of the technology company’s stock worth $51,000 after buying an additional 228 shares during the period. 93.39% of the stock is owned by hedge funds and other institutional investors.

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).