Jabil Inc (NYSE:JBL) SVP Daryn G. Smith sold 11,748 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $39.48, for a total value of $463,811.04. Following the sale, the senior vice president now owns 176,588 shares of the company’s stock, valued at $6,971,694.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE JBL traded down $0.01 during trading on Tuesday, hitting $39.58. 4,778 shares of the company traded hands, compared to its average volume of 1,327,107. Jabil Inc has a 12 month low of $21.49 and a 12 month high of $39.70. The business has a fifty day simple moving average of $36.19 and a 200 day simple moving average of $30.84. The company has a current ratio of 0.98, a quick ratio of 0.62 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $5.99 billion, a P/E ratio of 21.87, a PEG ratio of 1.32 and a beta of 0.97.
Jabil (NYSE:JBL) last posted its earnings results on Tuesday, September 24th. The technology company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.02. Jabil had a return on equity of 15.90% and a net margin of 1.14%. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $6.63 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts predict that Jabil Inc will post 2.49 EPS for the current fiscal year.
JBL has been the subject of several recent research reports. ValuEngine lowered Jabil from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup increased their price objective on Jabil from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. increased their price objective on Jabil from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Argus increased their price objective on Jabil from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, Stifel Nicolaus increased their price objective on Jabil from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Jabil has a consensus rating of “Hold” and a consensus price target of $35.75.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Catalyst Capital Advisors LLC acquired a new stake in shares of Jabil in the third quarter valued at about $787,000. Massachusetts Financial Services Co. MA grew its position in shares of Jabil by 12.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 86,173 shares of the technology company’s stock valued at $3,083,000 after purchasing an additional 9,592 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Jabil by 78.9% in the third quarter. Tower Research Capital LLC TRC now owns 3,007 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,326 shares during the last quarter. First Trust Advisors LP grew its position in shares of Jabil by 75.8% in the third quarter. First Trust Advisors LP now owns 1,274,169 shares of the technology company’s stock valued at $45,577,000 after purchasing an additional 549,272 shares during the last quarter. Finally, Mackay Shields LLC grew its position in shares of Jabil by 32.9% in the third quarter. Mackay Shields LLC now owns 669,039 shares of the technology company’s stock valued at $23,931,000 after purchasing an additional 165,719 shares during the last quarter. Institutional investors own 89.09% of the company’s stock.
Jabil Company Profile
Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides 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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