Jabil Inc. (NYSE:JBL) CEO Michael J. Loparco sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the transaction, the chief executive officer now owns 252,975 shares of the company’s stock, valued at $13,913,625. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of JBL stock opened at $52.60 on Tuesday. Jabil Inc. has a 1-year low of $25.10 and a 1-year high of $55.25. The stock’s 50-day moving average is $52.52 and its 200 day moving average is $44.04. The company has a market cap of $7.83 billion, a P/E ratio of 37.84, a PEG ratio of 0.97 and a beta of 1.32. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.02 and a quick ratio of 0.68.
Jabil (NYSE:JBL) last issued its quarterly earnings results on Monday, March 15th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.32. The business 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 company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. On average, analysts anticipate that Jabil Inc. will post 3.82 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of JBL. Virtu Financial LLC acquired a new stake in Jabil in the third quarter worth about $224,000. Strs Ohio boosted its holdings in Jabil by 6.9% in the third quarter. Strs Ohio now owns 621,301 shares of the technology company’s stock worth $21,285,000 after acquiring an additional 40,096 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Jabil by 2.3% in the fourth quarter. State of Alaska Department of Revenue now owns 23,663 shares of the technology company’s stock worth $1,006,000 after acquiring an additional 542 shares in the last quarter. Sara Bay Financial boosted its holdings in Jabil by 6.0% in the fourth quarter. Sara Bay Financial now owns 20,555 shares of the technology company’s stock worth $874,000 after acquiring an additional 1,160 shares in the last quarter. Finally, Deltec Asset Management LLC acquired a new stake in shares of Jabil during the fourth quarter worth about $4,210,000. 87.77% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the company. Stifel Nicolaus increased their target price on Jabil from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, March 16th. Argus raised their price target on Jabil from $52.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, March 17th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on Jabil from $60.00 to $70.00 in a research note on Thursday, March 18th. Citigroup raised their price target on Jabil from $60.00 to $70.00 in a research note on Wednesday, March 17th. Finally, Zacks Investment Research downgraded Jabil from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, February 17th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $52.80.
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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