Jabil Inc. (NYSE:JBL) CEO Kenneth S. Wilson Sells 15,000 Shares

Jabil Inc. (NYSE:JBL - Get Free Report) CEO Kenneth S. Wilson sold 15,000 shares of the business's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $134.20, for a total value of $2,013,000.00. Following the completion of the transaction, the chief executive officer now directly owns 339,725 shares of the company's stock, valued at approximately $45,591,095. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jabil Trading Down 1.8 %

Shares of NYSE:JBL traded down $2.34 during midday trading on Wednesday, hitting $129.70. 667,530 shares of the stock were exchanged, compared to its average volume of 1,326,750. The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 1.41 and a beta of 1.40. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.72 and a current ratio of 1.17. The business's 50-day moving average price is $138.61 and its 200 day moving average price is $131.22. Jabil Inc. has a 12 month low of $75.48 and a 12 month high of $156.94.

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

Jabil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Investors of record on Thursday, February 15th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Wednesday, February 14th. Jabil's payout ratio is presently 2.75%.

Institutional Trading of Jabil

Institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC lifted its stake in Jabil by 4.7% in the first quarter. Cetera Advisor Networks LLC now owns 3,989 shares of the technology company's stock valued at $246,000 after buying an additional 180 shares during the period. Private Advisor Group LLC acquired a new position in shares of Jabil during the first quarter worth approximately $399,000. Great West Life Assurance Co. Can raised its position in shares of Jabil by 10.5% during the first quarter. Great West Life Assurance Co. Can now owns 83,585 shares of the technology company's stock worth $5,312,000 after purchasing an additional 7,933 shares during the period. Sei Investments Co. raised its position in shares of Jabil by 58.6% during the first quarter. Sei Investments Co. now owns 382,918 shares of the technology company's stock worth $23,633,000 after purchasing an additional 141,511 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of Jabil by 656.6% during the first quarter. Canada Pension Plan Investment Board now owns 21,700 shares of the technology company's stock worth $1,340,000 after purchasing an additional 18,832 shares during the period. 93.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on JBL. Barclays lowered their target price on Jabil from $151.00 to $149.00 and set an "overweight" rating for the company in a research note on Monday, March 18th. The Goldman Sachs Group boosted their target price on Jabil from $141.00 to $161.00 and gave the stock a "buy" rating in a research note on Monday, March 4th. Argus downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. Finally, StockNews.com downgraded Jabil from a "buy" rating to a "hold" rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Jabil has a consensus 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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.