Jabil, Inc. (NYSE:JBL) EVP Sells $4,488,824.43 in Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) EVP Steven D. Borges sold 22,443 shares of Jabil stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $200.01, for a total transaction of $4,488,824.43. Following the completion of the sale, the executive vice president now directly owns 102,803 shares of the company's stock, valued at approximately $20,561,628.03. This trade represents a 17.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jabil Price Performance

Jabil stock traded up $1.06 during midday trading on Friday, reaching $205.72. 3,050,936 shares of the stock were exchanged, compared to its average volume of 1,433,557. The company's fifty day moving average is $162.20 and its 200-day moving average is $152.96. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.66 and a current ratio of 0.98. The firm has a market cap of $22.08 billion, a PE ratio of 39.95, a PEG ratio of 1.97 and a beta of 1.14. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $208.69.

Jabil (NYSE:JBL - Get Free Report) last issued 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 firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.03 billion. Jabil had a net margin of 2.02% and a return on equity of 60.19%. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. On average, sell-side analysts forecast that Jabil, Inc. will post 8.05 EPS for the current year.

Jabil Announces Dividend

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

Institutional Investors Weigh In On Jabil

Several institutional investors have recently added to or reduced their stakes in JBL. Wellington Management Group LLP boosted 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 valued at $835,876,000 after buying an additional 5,800,535 shares during the period. Norges Bank purchased a new stake in shares of Jabil in the 4th quarter worth about $218,430,000. Point72 Asset Management L.P. lifted its position in shares of Jabil by 1,007.6% in the 4th 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 period. Jacobs Levy Equity Management Inc. lifted its position in shares of Jabil by 119.9% in 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 purchasing an additional 662,938 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Jabil in the 1st quarter worth about $81,378,000. Hedge funds and other institutional investors own 93.39% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Argus upgraded shares of Jabil from a "hold" rating to a "buy" rating in a report on Wednesday. Barclays boosted their price target on shares of Jabil from $206.00 to $223.00 and gave the stock an "overweight" rating in a report on Tuesday. UBS Group boosted their price target on shares of Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a report on Wednesday. Raymond James Financial reiterated a "strong-buy" rating and issued a $230.00 target price (up from $170.00) on shares of Jabil in a research note on Wednesday. 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 research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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).