Jabil, Inc. (NYSE:JBL) Director Sells $222,750.00 in Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) Director Anousheh Ansari sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $222.75, for a total value of $222,750.00. Following the completion of the transaction, the director directly owned 36,400 shares in the company, valued at approximately $8,108,100. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Anousheh Ansari also recently made the following trade(s):

• On Friday, June 20th, Anousheh Ansari sold 2,500 shares of Jabil stock. The shares were sold at an average price of $207.57, for a total value of $518,925.00.

Jabil Trading Down 1.2%

Jabil stock traded down $2.61 during mid-day trading on Tuesday, hitting $222.80. 873,068 shares of the stock were exchanged, compared to its average volume of 1,414,199. The firm's fifty day simple moving average is $179.89 and its two-hundred day simple moving average is $159.45. The stock has a market capitalization of $23.91 billion, a price-to-earnings ratio of 43.26, a PEG ratio of 1.58 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a 12 month low of $95.85 and a 12 month high of $227.54.

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

Jabil Dividend Announcement

The business also recently disclosed 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 0.14%. Jabil's payout ratio is 6.21%.

Institutional Investors Weigh In On Jabil

A number of institutional investors have recently modified their holdings of JBL. Groupe la Francaise grew its holdings in Jabil by 35.2% during the 1st 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 last quarter. Keeley Teton Advisors LLC raised its position in shares of Jabil by 0.3% in the 1st quarter. Keeley Teton Advisors LLC now owns 25,398 shares of the technology company's stock worth $3,456,000 after buying an additional 64 shares during the period. Cordatus Wealth Management LLC raised its position in Jabil by 2.9% in the first quarter. Cordatus Wealth Management LLC now owns 2,429 shares of the technology company's stock valued at $330,000 after purchasing an additional 68 shares during the period. AlphaCore Capital LLC raised its position in Jabil by 2.4% in the first quarter. AlphaCore Capital LLC now owns 3,206 shares of the technology company's stock valued at $436,000 after purchasing an additional 76 shares during the period. Finally, UniSuper Management Pty Ltd increased its position in shares of Jabil by 0.3% during the first quarter. UniSuper Management Pty Ltd now owns 30,797 shares of the technology company's stock worth $4,191,000 after acquiring an additional 81 shares during the last quarter. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Jabil from $180.00 to $214.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 18th. UBS Group boosted their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Barclays upped their price objective on Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 17th. Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 target price (up previously from $170.00) on shares of Jabil in a report on Wednesday, June 18th. Finally, Bank of America upped their price objective on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, June 20th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $225.71.

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).