Jabil, Inc. (NYSE:JBL) EVP Sells $2,826,704.21 in Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) EVP Andrew Priestley sold 13,913 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $203.17, for a total value of $2,826,704.21. Following the completion of the sale, the executive vice president now owns 53,528 shares of the company's stock, valued at $10,875,283.76. This trade represents a 20.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Jabil Stock Performance

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

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings results on Tuesday, June 17th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the firm posted $1.89 EPS. The firm's quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts expect that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JBL. Van ECK Associates Corp boosted its position in Jabil by 1,327.3% during the 4th quarter. Van ECK Associates Corp now owns 22,680 shares of the technology company's stock worth $3,264,000 after acquiring an additional 21,091 shares during the period. Allworth Financial LP boosted its position in Jabil by 38.9% during the 4th quarter. Allworth Financial LP now owns 432 shares of the technology company's stock worth $62,000 after acquiring an additional 121 shares during the period. J.W. Cole Advisors Inc. boosted its position in Jabil by 17.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 2,062 shares of the technology company's stock worth $297,000 after acquiring an additional 305 shares during the period. Principal Financial Group Inc. boosted its position in Jabil by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 143,266 shares of the technology company's stock worth $20,616,000 after acquiring an additional 5,993 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in Jabil by 4.0% during the 4th quarter. Sanctuary Advisors LLC now owns 47,922 shares of the technology company's stock worth $6,896,000 after acquiring an additional 1,821 shares during the period. Institutional investors and hedge funds own 93.39% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JBL. UBS Group boosted their price target on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday. Bank of America boosted their price objective on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a research report on Friday. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Wednesday. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a research report on Monday, May 19th. Finally, The Goldman Sachs Group boosted their price objective on Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Jabil currently has a consensus rating of "Buy" and a consensus 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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