Jabil Inc. (NYSE:JBL) SVP Francis Mckay Sells 11,755 Shares

Jabil Inc. (NYSE:JBL) SVP Francis Mckay sold 11,755 shares of the firm’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $121.71, for a total value of $1,430,701.05. Following the completion of the transaction, the senior vice president now owns 41,507 shares in the company, valued at $5,051,816.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jabil Price Performance

Shares of NYSE:JBL traded up $4.58 during trading on Friday, hitting $127.67. 1,374,600 shares of the company were exchanged, compared to its average volume of 1,463,903. The business’s 50 day moving average is $115.60 and its 200-day moving average is $114.76. The company has a market capitalization of $14.41 billion, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Jabil Inc. has a 1-year low of $95.85 and a 1-year high of $156.94.

Jabil (NYSE:JBL) last announced its quarterly earnings results on Thursday, September 26th. The technology company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $6.59 billion. Jabil had a net margin of 4.81% and a return on equity of 42.64%. The company’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.34 earnings per share. Equities analysts forecast that Jabil Inc. will post 7.84 earnings per share for the current year.

Jabil Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.25%. Jabil’s dividend payout ratio is 2.90%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays raised their price target on Jabil from $135.00 to $157.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. decreased their price target on Jabil from $137.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Stifel Nicolaus raised their price target on Jabil from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, Bank of America raised their price objective on Jabil from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.50.

Institutional Trading of Jabil

Several institutional investors have recently modified their holdings of JBL. Wealth Enhancement Advisory Services LLC grew its stake in shares of Jabil by 4.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,514 shares of the technology company’s stock worth $1,810,000 after purchasing an additional 561 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Jabil by 30.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 331,373 shares of the technology company’s stock valued at $44,387,000 after acquiring an additional 76,573 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in Jabil by 10.7% during the first quarter. First Trust Direct Indexing L.P. now owns 2,044 shares of the technology company’s stock valued at $274,000 after acquiring an additional 198 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Jabil by 27.3% during the first quarter. Sequoia Financial Advisors LLC now owns 3,635 shares of the technology company’s stock valued at $487,000 after acquiring an additional 780 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Jabil by 222.8% during the first quarter. BNP Paribas Financial Markets now owns 132,346 shares of the technology company’s stock valued at $17,728,000 after acquiring an additional 91,347 shares during the last quarter. Institutional investors own 93.39% of the company’s stock.

Jabil Company Profile

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).