Insider Selling: Jabil, Inc. (NYSE:JBL) SVP Sells 3,395 Shares of Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Francis Mckay sold 3,395 shares of Jabil stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $205.48, for a total value of $697,604.60. Following the sale, the senior vice president now directly owns 38,112 shares of the company's stock, valued at $7,831,253.76. This represents a 8.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Jabil Price Performance

Jabil stock traded up $1.06 during midday trading on Friday, reaching $205.72. The company's stock had a trading volume of 3,050,936 shares, compared to its average volume of 1,447,413. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $208.57. The company has a current ratio of 0.98, a quick ratio of 0.66 and a debt-to-equity ratio of 1.85. The business has a 50-day moving average price of $160.72 and a 200-day moving average price of $152.47. 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 (NYSE:JBL - Get Free Report) last released its earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $0.27. Jabil had a return on equity of 60.19% and a net margin of 2.02%. The firm had revenue of $7.83 billion for the quarter, compared to analysts' expectations of $7.03 billion. During the same quarter in the previous year, the business posted $1.89 earnings per share. The business's revenue for the quarter was up 15.7% on a year-over-year basis. On average, sell-side analysts predict that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on JBL. Barclays boosted their price target on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group boosted their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a research note on Wednesday. Wall Street Zen raised Jabil from a "hold" rating to a "buy" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group boosted their price target on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research note on Wednesday. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $213.57.

Institutional Inflows and Outflows

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

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