Insider Selling: Jabil, Inc. (NYSE:JBL) Director Sells 13,432 Shares of Stock

Jabil, Inc. (NYSE:JBL - Get Free Report) Director Steven A. Raymund sold 13,432 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $223.11, for a total transaction of $2,996,813.52. Following the transaction, the director directly owned 86,396 shares of the company's stock, valued at approximately $19,275,811.56. This represents a 13.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Jabil Trading Up 1.8%

Shares of JBL traded up $3.92 during mid-day trading on Friday, reaching $222.33. The company's stock had a trading volume of 854,384 shares, compared to its average volume of 1,390,671. The stock has a market cap of $23.86 billion, a PE ratio of 43.17, a P/E/G ratio of 1.55 and a beta of 1.20. The company has a current ratio of 0.98, a quick ratio of 0.64 and a debt-to-equity ratio of 1.85. Jabil, Inc. has a 52 week low of $95.85 and a 52 week high of $229.16. The company's fifty day moving average price is $198.29 and its two-hundred day moving average price is $166.58.

Jabil (NYSE:JBL - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The technology company reported $2.55 earnings per share for the quarter, topping analysts' consensus estimates of $2.28 by $0.27. The firm had revenue of $7.83 billion during 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 quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 EPS. On average, analysts predict that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on JBL. Stifel Nicolaus began coverage on shares of Jabil in a research note on Wednesday, July 2nd. They set a "buy" rating and a $245.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $214.00 to $256.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. 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 research note on Wednesday, June 18th. The Goldman Sachs Group boosted their price target on shares of Jabil from $188.00 to $215.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Finally, Raymond James Financial reissued a "strong-buy" rating and issued a $230.00 price target (up previously from $170.00) on shares of Jabil in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $231.71.

Institutional Investors Weigh In On Jabil

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GFG Capital LLC bought a new stake in Jabil during the 2nd quarter valued at $26,000. Creative Financial Designs Inc. ADV bought a new position in Jabil in the 1st quarter worth $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Jabil in the 4th quarter worth about $29,000. Harbor Capital Advisors Inc. lifted its position in shares of Jabil by 110.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 221 shares of the technology company's stock worth $30,000 after purchasing an additional 116 shares during the period. Finally, Groupe la Francaise boosted its stake in shares of Jabil by 35.2% during the 1st quarter. Groupe la Francaise now owns 246 shares of the technology company's stock valued at $34,000 after purchasing an additional 64 shares in the last quarter. 93.39% of the stock is currently owned by institutional investors.

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).