Jabil, Inc. (NYSE:JBL) Chairman Sells $28,999,500.00 in Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) Chairman Mark T. Mondello sold 150,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $193.33, for a total value of $28,999,500.00. Following the sale, the chairman now owns 1,560,192 shares in the company, valued at approximately $301,631,919.36. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Jabil Trading Up 0.5%

Shares of Jabil stock traded up $1.06 during trading on Friday, reaching $205.72. 3,050,936 shares of the company were exchanged, compared to its average volume of 1,433,557. The business has a 50-day moving average price of $162.20 and a 200-day moving average price of $152.96. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 39.95, a P/E/G ratio of 1.97 and a beta of 1.14. The company has a quick ratio of 0.66, a current ratio of 0.98 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a twelve month low of $95.85 and a twelve month high of $208.69.

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, topping analysts' consensus estimates of $2.28 by $0.27. The firm 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 company's revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.89 earnings per share. Sell-side analysts anticipate that Jabil, Inc. will post 8.05 EPS for the current fiscal year.

Jabil Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JBL shares. The Goldman Sachs Group raised their price target on shares of Jabil from $188.00 to $215.00 and gave the company a "buy" rating in a report on Wednesday. Argus raised Jabil from a "hold" rating to a "buy" rating in a research note on Wednesday. UBS Group boosted their target price on Jabil from $157.00 to $208.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wall Street Zen upgraded Jabil from a "hold" rating to a "buy" rating in a report on Monday, May 19th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $230.00 price objective (up 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 assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Jabil has a consensus rating of "Buy" and an average price target of $213.57.

Hedge Funds Weigh In On Jabil

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Jabil during the 4th quarter worth $27,000. Creative Financial Designs Inc. ADV acquired a new stake in Jabil during the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp acquired a new stake in Jabil during the 4th quarter worth $29,000. Harbor Capital Advisors Inc. raised its stake in Jabil by 110.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after buying an additional 116 shares during the period. Finally, Groupe la Francaise raised its stake in Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock worth $34,000 after buying an additional 64 shares during the period. 93.39% of the stock is owned by institutional investors.

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).