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 Jabil stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $222.75, for a total transaction of $222,750.00. Following the completion of the transaction, the director owned 36,400 shares of the company's stock, valued at $8,108,100. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 transaction of $518,925.00.

Jabil Trading Down 0.1%

Shares of JBL traded down $0.19 during mid-day trading on Thursday, reaching $221.07. 1,196,501 shares of the company were exchanged, compared to its average volume of 1,419,336. The business has a 50 day simple moving average of $184.34 and a two-hundred day simple moving average of $160.83. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $227.54. The stock has a market capitalization of $23.73 billion, a PE ratio of 42.93, a PEG ratio of 1.55 and a beta of 1.20. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.64 and a current ratio of 0.98.

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 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 analyst estimates of $7.03 billion. During the same period in the previous year, the company posted $1.89 earnings per share. The business's revenue was up 15.7% on a year-over-year basis. On average, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.14%. The ex-dividend date was Thursday, May 15th. Jabil's dividend payout ratio is presently 6.21%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Jabil during the 4th quarter valued at $27,000. Creative Financial Designs Inc. ADV bought a new stake in Jabil during the first quarter valued at about $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Jabil during the fourth quarter valued at about $29,000. Harbor Capital Advisors Inc. raised its holdings in Jabil by 110.5% during the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock valued at $30,000 after acquiring an additional 116 shares during the period. Finally, Groupe la Francaise raised its holdings in Jabil by 35.2% during the first quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after acquiring an additional 64 shares during the period. Institutional investors own 93.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on JBL shares. Wall Street Zen upgraded shares of Jabil from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Bank of America raised their price target on shares of Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday, June 20th. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $180.00 to $214.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Barclays lifted their price objective on shares of Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a research note on Tuesday, June 17th. Finally, UBS Group lifted their price target on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. 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 company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price 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).