Insider Selling: Jabil, Inc. (NYSE:JBL) Director Sells 15,955 Shares of Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) Director Steven A. Raymund sold 15,955 shares of Jabil stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $216.83, for a total transaction of $3,459,522.65. Following the completion of the transaction, the director directly owned 99,828 shares in the company, valued at approximately $21,645,705.24. The trade was a 13.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jabil Stock Up 1.5%

JBL stock traded up $3.29 during mid-day trading on Wednesday, reaching $219.43. The company had a trading volume of 278,596 shares, compared to its average volume of 1,413,784. The company has a market capitalization of $23.56 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 1.53 and a beta of 1.20. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $219.54. The stock has a 50 day simple moving average of $173.51 and a two-hundred day simple moving average of $156.97. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.64.

Jabil (NYSE:JBL - Get Free Report) last issued its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the business posted $1.89 EPS. Jabil's revenue was up 15.7% on a year-over-year basis. As a group, equities analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.15%. Jabil's dividend payout ratio is currently 6.21%.

Wall Street Analyst Weigh In

JBL has been the topic of several recent research reports. Wall Street Zen raised Jabil from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Barclays lifted their target price on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research report on Tuesday, June 17th. Raymond James Financial restated a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. Bank of America raised their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Stifel Nicolaus began coverage on shares of Jabil in a research report on Wednesday. They issued a "buy" rating and a $245.00 price objective on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $225.71.

Hedge Funds Weigh In On Jabil

A number of large investors have recently made changes to their positions in JBL. SBI Securities Co. Ltd. acquired a new position in Jabil in the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Jabil in the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of Jabil in the fourth quarter valued at about $29,000. Harbor Capital Advisors Inc. increased its holdings in shares of Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the period. Finally, Groupe la Francaise boosted its stake in shares of Jabil by 35.2% in the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after buying an additional 64 shares during the period. 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).