Insider Selling: Jabil, Inc. (NYSE:JBL) EVP Sells 8,971 Shares of Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) EVP Frederic E. Mccoy sold 8,971 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $205.39, for a total value of $1,842,553.69. Following the transaction, the executive vice president now owns 128,616 shares in the company, valued at $26,416,440.24. This represents a 6.52% 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 link.

Jabil Price Performance

NYSE JBL traded up $1.06 during trading hours on Friday, reaching $205.72. 3,050,936 shares of the company's stock were exchanged, compared to its average volume of 1,447,413. The stock has a market cap of $22.08 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 1.97 and a beta of 1.14. Jabil, Inc. has a one year low of $95.85 and a one year high of $208.57. The firm has a fifty day moving average of $160.72 and a 200-day moving average of $152.47. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.85.

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

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, May 15th. This represents a $0.32 dividend on an annualized basis and a yield of 0.16%. Jabil's dividend payout ratio (DPR) is presently 6.21%.

Institutional Investors Weigh In On Jabil

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on JBL. JPMorgan Chase & Co. increased their target price on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a report on Wednesday. Barclays boosted their target price on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Bank of America boosted their target price on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $213.57.

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).

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