Jabil Inc. (NYSE:JBL) CEO Michael J. Loparco Sells 10,000 Shares

Jabil Inc. (NYSE:JBL) CEO Michael J. Loparco sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, April 5th. The shares were sold at an average price of $53.66, for a total value of $536,600.00. Following the completion of the transaction, the chief executive officer now directly owns 262,975 shares in the company, valued at approximately $14,111,238.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michael J. Loparco also recently made the following trade(s):

  • On Thursday, January 14th, Michael J. Loparco sold 6,000 shares of Jabil stock. The shares were sold at an average price of $46.00, for a total transaction of $276,000.00.

Shares of JBL opened at $53.18 on Thursday. Jabil Inc. has a 1 year low of $23.05 and a 1 year high of $54.25. The company has a market capitalization of $7.99 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 0.97 and a beta of 1.32. The company’s 50 day simple moving average is $47.66 and its 200 day simple moving average is $41.56. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 1.02.

Jabil (NYSE:JBL) last announced its quarterly earnings data on Monday, March 15th. The technology company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.32. The business had revenue of $6.83 billion for the quarter, compared to analyst estimates of $6.39 billion. Jabil had a net margin of 0.78% and a return on equity of 14.01%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 EPS. Equities analysts expect that Jabil Inc. will post 3.82 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 2nd. Investors of record on Monday, February 15th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, February 12th. Jabil’s payout ratio is currently 91.43%.

A number of large investors have recently made changes to their positions in the business. Texas Yale Capital Corp. raised its holdings in shares of Jabil by 0.5% in the 4th quarter. Texas Yale Capital Corp. now owns 8,596,889 shares of the technology company’s stock worth $365,626,000 after purchasing an additional 45,000 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in Jabil by 14.8% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,297,993 shares of the technology company’s stock valued at $140,264,000 after buying an additional 424,004 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Jabil by 113.2% during the third quarter. Point72 Asset Management L.P. now owns 2,227,126 shares of the technology company’s stock worth $76,301,000 after buying an additional 1,182,548 shares during the period. Alyeska Investment Group L.P. grew its stake in shares of Jabil by 11.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,830,432 shares of the technology company’s stock worth $77,848,000 after purchasing an additional 189,245 shares during the last quarter. Finally, Norges Bank bought a new stake in Jabil in the fourth quarter worth approximately $66,576,000. Institutional investors own 87.77% of the company’s stock.

JBL has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Jabil from $51.00 to $55.00 and gave the stock a “hold” rating in a research report on Tuesday, March 16th. Argus lifted their price objective on Jabil from $52.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, March 17th. Citigroup increased their target price on Jabil from $60.00 to $70.00 in a research note on Wednesday, March 17th. Zacks Investment Research downgraded Jabil from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research note on Wednesday, February 17th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Jabil from $60.00 to $70.00 in a report on Thursday, March 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jabil currently has an average rating of “Buy” and an average price target of $52.80.

Jabil Company Profile

Jabil Inc provides manufacturing services and solutions worldwide. The company operates in 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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