Jabil Inc. (NYSE:JBL - Get Free Report) EVP Gerald Creadon sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the transaction, the executive vice president now owns 65,434 shares of the company's stock, valued at approximately $8,874,159.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Jabil Stock Down 0.1 %
Shares of Jabil stock opened at $136.36 on Thursday. The stock's fifty day moving average is $138.32 and its 200-day moving average is $130.53. The firm has a market capitalization of $16.45 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.47 and a beta of 1.40. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. Jabil Inc. has a 12-month low of $75.48 and a 12-month high of $156.94.
Jabil (NYSE:JBL - Get Free Report) last announced its earnings results on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by ($0.01). The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. Equities analysts anticipate that Jabil Inc. will post 7.83 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Thursday, February 15th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil's dividend payout ratio (DPR) is presently 2.75%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Park Avenue Securities LLC grew its holdings in shares of Jabil by 11.6% during the first quarter. Park Avenue Securities LLC now owns 1,860 shares of the technology company's stock valued at $249,000 after buying an additional 194 shares in the last quarter. Czech National Bank grew its holdings in shares of Jabil by 0.3% during the first quarter. Czech National Bank now owns 22,439 shares of the technology company's stock valued at $3,006,000 after buying an additional 73 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Jabil by 123.5% during the first quarter. First Hawaiian Bank now owns 17,200 shares of the technology company's stock valued at $2,304,000 after buying an additional 9,505 shares in the last quarter. Insight Wealth Strategies LLC purchased a new position in shares of Jabil during the first quarter valued at $2,223,000. Finally, CWM LLC grew its holdings in shares of Jabil by 9.6% during the first quarter. CWM LLC now owns 2,728 shares of the technology company's stock valued at $365,000 after buying an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 93.39% of the company's stock.
Analyst Ratings Changes
Several analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Jabil from $135.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, December 15th. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 26th. The Goldman Sachs Group lifted their target price on Jabil from $141.00 to $161.00 and gave the company a "buy" rating in a research note on Monday, March 4th. Argus downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. Finally, Barclays cut their target price on Jabil from $151.00 to $149.00 and set an "overweight" rating on the stock in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $144.50.
View Our Latest Report on JBL
Jabil Company Profile
(
Get Free Report)
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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