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

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

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 value of $276,000.00.

Shares of NYSE:JBL opened at $53.18 on Thursday. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 38.26, a P/E/G ratio of 0.97 and a beta of 1.32. Jabil Inc. has a 1 year low of $23.05 and a 1 year high of $54.25. The company has a current ratio of 1.02, a quick ratio of 0.68 and a debt-to-equity ratio of 1.34. The business has a fifty day simple moving average of $47.66 and a 200 day simple moving average of $41.56.

Jabil (NYSE:JBL) last posted its quarterly earnings results on Monday, March 15th. The technology company reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.32. The company had revenue of $6.83 billion during the quarter, compared to the consensus estimate of $6.39 billion. Jabil had a return on equity of 14.01% and a net margin of 0.78%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. On average, sell-side analysts forecast that Jabil Inc. will post 3.82 EPS for the current year.

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

Several institutional investors have recently added to or reduced their stakes in JBL. LPL Financial LLC bought a new stake in Jabil in the third quarter worth $213,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Jabil by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 982,502 shares of the technology company’s stock valued at $33,661,000 after acquiring an additional 15,517 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Jabil by 67.3% in the 3rd quarter. Profund Advisors LLC now owns 10,544 shares of the technology company’s stock valued at $361,000 after acquiring an additional 4,241 shares in the last quarter. Morgan Stanley lifted its holdings in Jabil by 1.1% in the 3rd quarter. Morgan Stanley now owns 450,794 shares of the technology company’s stock worth $15,445,000 after purchasing an additional 5,085 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in Jabil by 135.0% during the third quarter. Engineers Gate Manager LP now owns 39,527 shares of the technology company’s stock worth $1,354,000 after purchasing an additional 22,706 shares during the period. Institutional investors and hedge funds own 87.77% of the company’s stock.

A number of equities analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Jabil from $38.00 to $44.00 and gave the stock a “sector perform” rating in a report on Friday, December 18th. Argus boosted their price objective on Jabil from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, March 17th. Zacks Investment Research downgraded shares of Jabil from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a research report on Wednesday, February 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on shares of Jabil from $60.00 to $70.00 in a research report on Thursday, March 18th. Finally, Stifel Nicolaus lifted 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price 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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