Jabil, Inc. (NYSE:JBL) EVP Andrew Priestley Sells 3,782 Shares

Jabil, Inc. (NYSE:JBL - Get Free Report) EVP Andrew Priestley sold 3,782 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $225.00, for a total transaction of $850,950.00. Following the completion of the transaction, the executive vice president directly owned 48,535 shares in the company, valued at $10,920,375. The trade was a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Andrew Priestley also recently made the following trade(s):

• On Wednesday, July 23rd, Andrew Priestley sold 3,702 shares of Jabil stock. The shares were sold at an average price of $225.00, for a total transaction of $832,950.00.
• On Wednesday, June 18th, Andrew Priestley sold 13,913 shares of Jabil stock. The shares were sold at an average price of $203.17, for a total transaction of $2,826,704.21.

Jabil Stock Up 1.8%

Shares of JBL stock traded up $3.92 during trading hours on Friday, reaching $222.33. 854,384 shares of the stock were exchanged, compared to its average volume of 1,390,671. The business's fifty day moving average is $198.29 and its two-hundred day moving average is $166.58. 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, Inc. has a 12-month low of $95.85 and a 12-month high of $229.16. The firm has a market capitalization of $23.86 billion, a P/E ratio of 43.17, a P/E/G ratio of 1.55 and a beta of 1.20.

Jabil (NYSE:JBL - Get Free Report) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The business's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, research analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on JBL shares. Argus raised shares of Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday, June 18th. Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price target (up previously from $170.00) on shares of Jabil in a research report on Wednesday, June 18th. Stifel Nicolaus started coverage on shares of Jabil in a research report on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price target on the stock. Bank of America increased their price target on shares of Jabil from $225.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. Finally, The Goldman Sachs Group increased their price target on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $231.71.

Hedge Funds Weigh In On Jabil

Several hedge funds have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC increased its stake in Jabil by 30.7% in the second quarter. Verdence Capital Advisors LLC now owns 7,382 shares of the technology company's stock valued at $1,610,000 after purchasing an additional 1,732 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Jabil by 32.6% in the second quarter. Sequoia Financial Advisors LLC now owns 5,545 shares of the technology company's stock valued at $1,209,000 after purchasing an additional 1,362 shares during the last quarter. MGO One Seven LLC purchased a new position in Jabil in the second quarter valued at approximately $265,000. Cypress Capital Group purchased a new position in shares of Jabil during the second quarter worth approximately $204,000. Finally, Hazlett Burt & Watson Inc. purchased a new position in shares of Jabil during the second quarter worth approximately $82,000. 93.39% of the stock is currently owned by hedge funds and other institutional investors.

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).