Christopher S. Holland Sells 3,400 Shares of Jabil Inc. (NYSE:JBL) Stock

Jabil Inc. (NYSE:JBL) Director Christopher S. Holland sold 3,400 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $162.27, for a total value of $551,718.00. Following the completion of the transaction, the director now owns 12,900 shares of the company’s stock, valued at $2,093,283. The trade was a 20.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jabil Price Performance

NYSE:JBL opened at $161.87 on Wednesday. The company has a market cap of $17.67 billion, a P/E ratio of 15.52, a P/E/G ratio of 1.61 and a beta of 1.23. The firm’s fifty day moving average price is $148.79 and its two-hundred day moving average price is $127.71. Jabil Inc. has a one year low of $95.85 and a one year high of $174.80. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Wednesday, December 18th. The technology company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.12. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.61 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. During the same quarter in the prior year, the business earned $2.60 EPS. Jabil’s quarterly revenue was down 16.6% on a year-over-year basis. Equities analysts expect that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Tuesday, February 18th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.32 annualized dividend and a yield of 0.20%. Jabil’s dividend payout ratio (DPR) is presently 3.07%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays raised their price target on 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 raised their target price on shares of Jabil from $136.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. StockNews.com lowered shares of Jabil from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Stifel Nicolaus reissued a “buy” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Jabil in a research report on Thursday, December 19th. Finally, UBS Group boosted 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and a consensus price target of $153.17.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in JBL. Capital Performance Advisors LLP acquired a new position in shares of Jabil in the third quarter valued at about $32,000. First Horizon Advisors Inc. boosted its holdings in Jabil by 90.3% in the 4th quarter. First Horizon Advisors Inc. now owns 274 shares of the technology company’s stock valued at $39,000 after purchasing an additional 130 shares during the period. GHP Investment Advisors Inc. acquired a new position in shares of Jabil during the 4th quarter worth approximately $43,000. Brooklyn Investment Group bought a new position in shares of Jabil during the third quarter worth approximately $39,000. Finally, Cromwell Holdings LLC raised its position in shares of Jabil by 412.7% in the fourth quarter. Cromwell Holdings LLC now owns 364 shares of the technology company’s stock valued at $52,000 after buying an additional 293 shares in the last quarter. Institutional investors own 93.39% of the company’s stock.

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).