Jabil Inc. (NYSE:JBL) Chairman Mark T. Mondello Sells 20,000 Shares

Jabil Inc. (NYSE:JBL - Get Free Report) Chairman Mark T. Mondello sold 20,000 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $166.75, for a total transaction of $3,335,000.00. Following the completion of the sale, the chairman now owns 1,710,192 shares of the company's stock, valued at $285,174,516. This trade represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Jabil Trading Up 1.9%

Shares of JBL stock traded up $3.28 on Friday, hitting $175.92. The stock had a trading volume of 486,872 shares, compared to its average volume of 1,420,436. The company's 50 day moving average price is $149.36 and its 200-day moving average price is $148.81. Jabil Inc. has a 1 year low of $95.85 and a 1 year high of $176.16. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.06 and a quick ratio of 0.72. The firm has a market capitalization of $18.88 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.65 and a beta of 1.14.

Jabil (NYSE:JBL - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The technology company reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.11. The business had revenue of $6.73 billion for the quarter, compared to analysts' expectations of $6.40 billion. Jabil had a net margin of 4.71% and a return on equity of 41.87%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. Analysts anticipate that Jabil Inc. will post 8.05 earnings per share for the current year.

Jabil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.18%. The ex-dividend date of this dividend was Thursday, May 15th. Jabil's payout ratio is currently 7.66%.

Analysts Set New Price Targets

Several analysts have issued reports on JBL shares. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. JPMorgan Chase & Co. dropped their price objective on shares of Jabil from $175.00 to $154.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. UBS Group lifted their price target on shares of Jabil from $152.00 to $157.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Barclays raised their target price on Jabil from $179.00 to $184.00 and gave the stock an "overweight" rating in a research note on Friday, March 21st. Finally, The Goldman Sachs Group lowered their price target on Jabil from $175.00 to $146.00 and set a "buy" rating for the company in a report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $158.50.

Institutional Investors Weigh In On Jabil

A number of hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Jabil by 70,781.4% in the 4th quarter. Wellington Management Group LLP now owns 5,808,730 shares of the technology company's stock valued at $835,876,000 after purchasing an additional 5,800,535 shares during the last quarter. Norges Bank acquired a new position in shares of Jabil during the fourth quarter worth $218,430,000. Point72 Asset Management L.P. increased its holdings in Jabil by 1,007.6% in the fourth quarter. Point72 Asset Management L.P. now owns 965,629 shares of the technology company's stock valued at $138,954,000 after buying an additional 878,444 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in Jabil by 119.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,215,678 shares of the technology company's stock valued at $165,417,000 after buying an additional 662,938 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new stake in Jabil during the 1st quarter worth about $81,378,000. Institutional investors and hedge funds own 93.39% of the company's stock.

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).