Insider Selling: Jabil Inc. (NYSE:JBL) EVP Sells 3,000 Shares of Stock

Jabil Inc. (NYSE:JBL - Get Free Report) EVP Gerald Creadon sold 3,000 shares of the company's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $135.62, for a total value of $406,860.00. Following the completion of the sale, the executive vice president now owns 65,434 shares of the company's stock, valued at approximately $8,874,159.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jabil Stock Down 0.1 %

Shares of NYSE:JBL traded down $0.17 during mid-day trading on Wednesday, reaching $136.36. 1,002,913 shares of the stock were exchanged, compared to its average volume of 1,363,809. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.08. The company has a market cap of $16.45 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.47 and a beta of 1.40. Jabil Inc. has a one year low of $75.48 and a one year high of $156.94. The stock's 50 day simple moving average is $138.32 and its 200-day simple moving average is $130.53.

Jabil (NYSE:JBL - Get Free Report) last posted its quarterly earnings data on Friday, March 15th. The technology company reported $1.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.55 by ($0.01). The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.91 billion. Jabil had a return on equity of 39.47% and a net margin of 4.70%. As a group, equities research analysts predict that Jabil Inc. will post 7.83 EPS for the current year.

Jabil Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.32 annualized dividend and a yield of 0.23%. Jabil's dividend payout ratio (DPR) is presently 2.75%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Alaska Permanent Fund Corp acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $29,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $32,000. CVA Family Office LLC acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $36,000. Valley National Advisers Inc. acquired a new stake in shares of Jabil in the fourth quarter valued at approximately $36,000. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of Jabil in the second quarter valued at approximately $41,000. 93.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JBL shares. Barclays dropped their price objective on Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a report on Monday, March 18th. StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 26th. Stifel Nicolaus increased their price target on Jabil from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, December 15th. Argus downgraded Jabil from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Finally, The Goldman Sachs Group increased their price target on Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a report on Monday, March 4th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $144.50.

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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