Jabil, Inc. (NYSE:JBL) SVP Sells $848,123.88 in Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) SVP Adam E. Berry sold 4,233 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $200.36, for a total value of $848,123.88. Following the completion of the sale, the senior vice president now owns 13,047 shares of the company's stock, valued at $2,614,096.92. The trade was a 24.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jabil Stock Up 0.5%

JBL stock traded up $1.06 during midday trading on Friday, hitting $205.72. The stock had a trading volume of 3,050,936 shares, compared to its average volume of 1,447,413. The firm has a market cap 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 business has a 50-day moving average of $160.72 and a two-hundred day moving average of $152.47. Jabil, Inc. has a 52-week low of $95.85 and a 52-week high of $208.57. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.98 and a quick ratio of 0.66.

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

Jabil Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.08 dividend. The ex-dividend date was Thursday, May 15th. This represents a $0.32 annualized dividend and a yield of 0.16%. Jabil's payout ratio is 6.21%.

Institutional Investors Weigh In On Jabil

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBL. Truist Financial Corp grew its stake in shares of Jabil by 50.4% in the fourth quarter. Truist Financial Corp now owns 12,037 shares of the technology company's stock worth $1,732,000 after acquiring an additional 4,034 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of Jabil in the fourth quarter worth $214,000. Harbor Capital Advisors Inc. grew its stake in shares of Jabil by 110.5% in the first quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after acquiring an additional 116 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Jabil by 4.4% in the fourth 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 last quarter. Finally, LPL Financial LLC grew its stake in shares of Jabil by 23.5% in the fourth quarter. LPL Financial LLC now owns 40,748 shares of the technology company's stock worth $5,864,000 after acquiring an additional 7,747 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus upgraded Jabil from a "hold" rating to a "buy" rating in a report on Wednesday. Bank of America upped their target price on Jabil from $225.00 to $245.00 and gave the company a "buy" rating in a report on Friday. UBS Group upped their target price on Jabil from $157.00 to $208.00 and gave the company a "neutral" rating in a report on Wednesday. Barclays upped their target price on Jabil from $206.00 to $223.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Raymond James Financial restated a "strong-buy" rating and set a $230.00 target price (up previously from $170.00) on shares of Jabil in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $213.57.

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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