Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy Sells 4,000 Shares

Jabil Inc. (NYSE:JBL) EVP Frederic E. Mccoy sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $118.70, for a total value of $474,800.00. Following the sale, the executive vice president now owns 108,753 shares in the company, valued at approximately $12,908,981.10. This represents a 0.00 % 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 hyperlink.

Jabil Stock Up 1.5 %

Shares of NYSE JBL opened at $121.66 on Friday. Jabil Inc. has a 12 month low of $95.85 and a 12 month high of $156.94. The company has a current ratio of 1.13, a quick ratio of 0.74 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 11.07, a PEG ratio of 2.23 and a beta of 1.25. The business has a 50-day moving average of $108.27 and a 200-day moving average of $116.07.

Jabil (NYSE:JBL) last issued its 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 during the quarter, compared to analyst estimates of $6.59 billion. Jabil had a return on equity of 40.30% and a net margin of 4.63%. Jabil’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Sell-side analysts expect that Jabil Inc. will post 7.85 earnings per share for the current fiscal year.

Jabil Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Thursday, August 15th. Jabil’s dividend payout ratio is currently 2.91%.

Institutional Trading of Jabil

Hedge funds and other institutional investors have recently bought and sold shares of the company. Benjamin Edwards Inc. purchased a new stake in Jabil in the first quarter worth approximately $25,000. ORG Partners LLC bought a new position in shares of Jabil in the first quarter worth approximately $29,000. Riverview Trust Co bought a new position in shares of Jabil in the first quarter worth approximately $33,000. HHM Wealth Advisors LLC bought a new position in shares of Jabil in the second quarter worth approximately $28,000. Finally, Innealta Capital LLC bought a new position in shares of Jabil in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Stifel Nicolaus upped their price target on Jabil from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, September 27th. UBS Group decreased their price target on Jabil from $130.00 to $120.00 and set a “neutral” rating on the stock in a research report on Friday, June 21st. Barclays boosted their price objective on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Bank of America boosted their price objective on Jabil from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Jabil currently has a consensus rating of “Moderate Buy” and an average target price of $145.86.

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).